Ahead of Akshaya Tritiya 2020, gold prices have rallied despite expectations of tepid demand this year due to lockdown-related restrictions.
On Friday, on MCX, gold June futures ended ₹163 up at ₹46,590 per 10 gram, extending their 3-day gains to about ₹1,300 per 10 gram.
Silver futures on MCX settled 1% higher at ₹42,249 per kg. According to India Bullion and Jewellers Association, indicative price of 999 purity of gold was at ₹46,607 per 10 gram (without GST) in the Indian bullion market on Friday while that of 916 purity at ₹42,692 per 10 gram (without GST).
Silver was at ₹42,030 per kg (without GST), according to IBJA. India Bullion and Jewellers Association does not publish rates on Saturday and Sunday.