Gold prices jump to Rs 52,626 per 10 gram, silver rallies to Rs 65,749 a kg

In New Delhi, prices of 22-carat gold slumped Rs 3,200 to Rs 50,250 per 10 gram while prices of 24-carat also dropped to Rs 54,500

Gold prices on Thursday jumped Rs 577 to Rs 52,626 per 10 gram and silver prices rallied over Rs 2,200 to close at Rs 65,749 per kg, according to Indian Bullion and Jewellers Association. Silver plunged 7.67 per cent against the previous day's Rs 71,211. 
 

HDFC Securities Senior Analyst (Commodities) Tapan Patel said the Covid-19 vaccine announcement by Russia triggered sell-off in safe-haven assets in India.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

In New Delhi, prices of 22-carat gold slumped Rs 3,200 to Rs 50,250