In the bullion market, Gold and silver prices recorded their first weekly gain since May as softer US job numbers cooled market expectations of a near-term Fed interest rate hike. Meanwhile, lower energy prices and a weaker US Dollar Index provided further support to bullion prices.
At the Multi-Commodity Exchange, Gold futures for the August contract rose 2.2 per cent during the week to settle at 1,47,378 rupees per 10 grams. Meanwhile, Silver futures for the September contract gained 6.2 per cent to close at 2,37,410 rupees per kilogram.
At the Commodity Exchange (COMEX), Gold futures for the August contract added 0.7 per cent during the week to settle at 4,125.7 dollars per troy ounce. Silver futures for the September contract jumped 2.3 per cent over the week to end at 61.06 dollars per troy ounce.
