Gold and silver prices gained in early trading on Monday. Domestic gold was reported around Rs.1,50,570 per 10 grams, while silver was around Rs.2,26,630 per kg. On the futures market, MCX gold and silver were also trading higher during the morning session.
The movement in precious metals has been influenced by expectations around US interest rates as well as geopolitical uncertainty. Weaker US employment data has reduced expectations of an immediate rate hike, supporting demand for bullion.
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