Gold prices on Tuesday rose marginally to Rs 42,446 per 10 gram in Mumbai amid worries over spread of coronavirus.
According to prices given by the Indian Bullion and Jewellers Association, on March 3, the rate without GST for gold (purity-999) in Mumbai is Rs 42,446, while for gold with purity-995 is Rs 42,276. While on the other hand, silver prices fell Rs 100 to Rs 44,980 per kg from Rs 45,080 per kg.
Gold prices according to purity levels are as follows:
999 - Rs 42,446/-
995 - Rs 42,276/-
916 - Rs 38,881/-
750 - Rs 31,835/-
585 - Rs 24,831/-
The gold prices in future markets rose by Rs 129 to Rs 42,085 per 10 gram as speculators were indulged in creating fresh positions amid a firm global trend.
Gold contracts for April traded higher by Rs 129, or 0.31 percent, to Rs 42,085 per 10 gram in a business turnover of 1,558 lots. The yellow metal for June delivery edged up by Rs 107, or 0.25 percent, to Rs 42,300 per 10 gram in a business turnover of 70 lots.
Fresh positions built up by participants on positive cues from global markets mainly led to a rise in gold prices. In the international market, gold prices rose 0.30 percent to USD 1,599.60 per ounce in New York.
(Inputs from PTI)