India, June 26 -- Extending the gains from yesterday's session, gold prices have surged on Friday as a plunge in crude oil prices following the reopening of the Strait of Hormuz deflated concerns of a near-term U.S. Federal Reserve interest rate hike.
Front Month Comex Gold for August month delivery has soared by $51.20 (or 1.26%) to $4,098.80 per troy ounce.
Front Month Comex Silver for August month delivery also surged by $0.910 (or 1.55%) to $59.500 per troy ounce.
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