Gold prices rose today as Omicron risks buoyed the safe-haven appeal of the precious metal. On MCX, gold futures were up 0.65% to ₹48,257 per 10 gram , extending gains to the second day, while silver rates jumped 0.85% to ₹63,497 per kg. “Gold prices is taking support on account of new and possibly vaccine resistant Covid variant detected in South Africa and a few other countries. In this scenario, if situation worsens or new lockdown imposed globally then we may see a rebound in gold prices," said Ravi Singh, Vice President & Head of Research, ShareIndia. Meanwhile, the issue price for latest tranche of Sovereign Gold Bond Scheme 2021-22, which opened for subscription today, has been fixed at ₹4,791 per gram of gold.

Source: Mint November 29, 2021 12:55 UTC