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Gold prices ease from record high amid coronavirus fears, silver rates plummet over Rs 1,000

Gold prices fell today after the yellow metal hit record high in the previous

session as the number of new coronavirus cases outside China spiked. On

MCX, gold April futures were trading Rs 714 or 1.64 per cent lower at Rs

42,866 per 10 grams, while the silver March futures were ruling at Rs

48,350 per Kg, down Rs 1,055 or 2.14 per cent. “MCX Gold fell more than 1%

as investors chose to pocket profits after the metal hit a seven-year high in

the previous session in the international market, although growing fears

over a spike in new coronavirus cases outside of China capped bullion’s

losses. Total infected worldwide has topped near 80,000 and more than

2,650 are reported dead,”

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