<p>Gold prices on Friday rose Rs 241 to Rs 50,425 per 10 gram on festival buying on account of the auspicious occasion of Dhanteras and Diwali, according to HDFC Securities.</p>.<p>The precious metal had closed at Rs 50,184 per 10 gram in the previous trade.</p>.<p>Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday, according to HDFC Securities.</p>.<p>Dhanteras is an auspicious day for buying gold, silver and other valuables.</p>.<p>In the global market, gold was trading with gains at USD 1,880 per ounce and silver was flat at USD 24.32 per ounce.</p>.<p>Navneet Damani, vice-president (commodities research) at Motilal Oswal Financial Services, said "Gold prices traded steady, as fears of an economic impact due to surge in global cases of Covid-19 countered optimism from development in a potential vaccine."</p>.<p>He added that there is a lot of panic in the market as coronavirus cases in many states of the US have doubled, raising the bets for safe-haven metal.</p>
<p>Gold prices on Friday rose Rs 241 to Rs 50,425 per 10 gram on festival buying on account of the auspicious occasion of Dhanteras and Diwali, according to HDFC Securities.</p>.<p>The precious metal had closed at Rs 50,184 per 10 gram in the previous trade.</p>.<p>Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday, according to HDFC Securities.</p>.<p>Dhanteras is an auspicious day for buying gold, silver and other valuables.</p>.<p>In the global market, gold was trading with gains at USD 1,880 per ounce and silver was flat at USD 24.32 per ounce.</p>.<p>Navneet Damani, vice-president (commodities research) at Motilal Oswal Financial Services, said "Gold prices traded steady, as fears of an economic impact due to surge in global cases of Covid-19 countered optimism from development in a potential vaccine."</p>.<p>He added that there is a lot of panic in the market as coronavirus cases in many states of the US have doubled, raising the bets for safe-haven metal.</p>