Gold prices extended gains for the sixth consecutive day to a touch lifetime high of Rs 41,636 per 10 grams in Mumbai's bullion market as demand for the safe-haven metal rose after Apple issued a warning that its sales would be impacted by coronavirus epidemic in China.
The rate of 10 grams, 22-carat gold in Mumbai was Rs 38,139 plus 3 percent GST, while that of 10 grams, 24-carat gold was Rs 41,636 plus GST.
The price of 18-carat gold quoted at Rs 31,227 plus GST in the retail market. The gold/silver ratio, which is the amount of silver required to buy one ounce of gold, currently stands at 87.28 to 1.