Gold Price Crashes by Rs 1,000 Per 10 Gms Minutes After Pfizer Breaks COVID-19 Vaccine News

Gold, Silver Price Today: Days ahead of Dhanteras, gold prices came tumbling down minutes after drugmaker Pfizer announced that its COVID-19 vaccine candidate was more than 90 per cent effective. Gold rates fell over Rs 1000 per 10 grams, while silver prices dropped more than Rs 2,000 a kg. Also Read – Pfizer Vaccine Found 90% Effective Against COVID-19, Shows Early Data

Gold futures on MCX were down by at least 2 per cent to Rs 51,165.00 per 10 gram while silver futures plummeted by 3.5 per cent to Rs 63,130 per kg. Also Read – Pfizer Says COVID-19 Vaccine 90 Per Cent Effective In Phase 3 Trial, Reports AFP

In the opening session today, gold prices increased, helped by overall weakness in the US Dollar as expectations increase for economic support after Joe Biden’s victory in the US presidential elections. Also Read – Covaxin – Bharat Biotech’s Coronavirus […]

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