
Silver is often considered as gold's poor cousin, even though its price usually moves in tandem with the latter

On the outlook on gold prices, experts say the prices may test Rs 50,000 again this year

Experts see the current levels as a golden opportunity for buyers

Sudden jump in number of positive Covid cases and administrative restrictions in many cities have muted demand for gold

Gold rates today have increased at all major cities in Delhi, Chennai, Kolkata and Mumbai

"Gold prices witnessed selling on stronger dollar," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).

Increasing coronavirus cases globally and in the domestic markets are likely to increase demand for safe-haven assets like gold, say experts

Silver also looks bullish, considering its demand from green energy segment and automotive and electric vehicles and gadgets segments

On MCX, April gold contracts were trading lower by 0.3% at Rs 44,737 for 10 grams in early trade, while May silver futures, too, were trading 0.5% low

Analysts believe the lower prices of gold and silver in physical markets is expected to push demand further.