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Gold and silver edged higher in the morning trade on Monday as worried by rising Covid-19 cases in India and other parts of world, investors rushed away from risky assets and towards safe haven.
India has reported 8.8 lakh cases of Covid-19 till now, the third highest in the world, with over 23,100 deaths. Due to this many states have increased restrictions on businesses and movement, threatening economic recovery
Gold futures were up 0.36 per cent or Rs 177 at Rs 49,040 per 10 grams. Silver futures gained 1.20 per cent or Rs 618 to Rs 51,980 per kg.