Biden unveiled a $1.9 trillion stimulus package proposal on Thursday designed to jump-start the economy and speed up the US response to the coronavirus pandemic.
The risk is to the downside for gold. Concerns about inflation expectations and a firmer dollar have acted as a little bit of an anchor on the gold price.
Shandong Gold said last month its C$230 million ($180.6 million) bid for TMAC had been blocked by the Canadian authorities on national security grounds.
Toronto-based Agnico Eagle will bid 2.2 Canadian dollars per share for TMAC.
Likewise, the price of ten gram gold also increased by Rs. 128 and was sold at Rs. 96,408 compared to Rs. 96,280 while 10 gram 22 karat gold was sold at Rs. 88,374
