Gold, silver prices mostly down this week

Drugmakers Pfizer and BioNTech said on Wednesday that their Covid-19 vaccine was found 95% effective in the final analysis of the Phase-3 trial, paving the way for the companies to apply for emergency authorisation from the US regulators.

A saleswoman displays a gold necklace inside a jewellery showroom in Kolkata in this file photo. (Reuters Photo) Spot prices of gold and silver remained down mostly throughout the week as investors remained cautious about safe-haven buying on two positive announcements about Covid-19 vaccines. Drugmakers Pfizer and BioNTech said on Wednesday that their Covid-19 vaccine was found 95% effective in the final analysis of the Phase-3 trial, paving the way for the companies to apply for emergency authorisation from the US regulators.

On Tuesday, gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital amid choppy trade and rupee depreciation, according to HDFC Securities. The […]

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