Gold at all-time high of Rs 46,879 on fear of a second Covid-19 wave

If 3% GST is considered, price is just Rs 1,715 away from Rs 50,000 per 10 gram; Silver hits Rs 45,035 a kg, up Rs 2,050 from yesterday

Standard gold closed at a new all-time high of Rs 46,879 per 10 gram in Mumbai today. The previous peak was Rs 46,740 a month ago on April 16. The metal is trading at about $1,745 an ounce in the international market, which is just $155 away from an all-time high. Today’s jump in Mumbai was Rs 646 per 10 gram.

If three per cent GST is considered, the price is just Rs 1,715 away from the Rs 50,000 per 10 gram mark. 

In the retail market, gold