Gold prices recovered by Rs 300 to Rs 29,550 per 10 grams on increased buying by jewelers at the domestic level as well as silver by Rs 200 to Rs 40,470 per kg.
In the period under review, global fluctuations have taken place. On Monday, gold was at $ 1,267.80 an ounce, while on the weekend, the US jobs data showed a rise of 9.96 dollars to $ 1277.86.
In the same way, the US gold futures market was at $ 1266.50 an ounce, which rose $ 13.70 to $ 1280.20 on Friday. Silver also witnessed the sharp rise and was quoted at $ 17.54 an ounce on weekends.
Trending and Investments Director and Research Chief Abnish Kumar Sudhanshu said that the US job statistics are weakening. Due to this, investors turned yellow metal due to which it showed steady growth. He said that estimates of stability in precious metals next week because there is no solid reason for reaching the level at which the gold is yet to sleep.