Gold prices today jumped to new highs today in Indian markets for the second consecutive day. In the previous session, gold had jumped about ₹650 per 10 gram or 1.6%, tracking a surge in the yellow metal's prices in global markets. In global markets, spot gold prices were steady at near 7-year high of $1,601.77 per ounce after seeing a big surge in the previous session. “Gold prices moved above US$1,600/oz (seven-year high) amid concerns over the economic impact of Chinese epidemic. Among other precious metals, palladium today jumped 1.6% to $2,677.09 an ounce while silver was up 0.4% to $18.24.

Source: Mint February 19, 2020 04:41 UTC