Gold prices slightly up

The gold prices slightly increased up to $1,980 per troy ounce on March 20 morning.

Investors pay attention to the banking sector news in Europe, evaluating the economic outlook, Prime reports citing the trading data and an analyst’s comments.

The April gold futures on the New York Comex exchange increased in price by $7.8, or 0.4 per cent up to $1,981.3 per troy ounce. The May silver futures increased in price by 0.05 per cent to $22,473 per ounce.

Gold prices increased last week due to market volatility associated with concerns around the banking sector.

Several US banks were closed in March, which affected the country's banking sector, and then the sale of shares also affected the European region, especially Credit Suisse.