Gold price on Monday is likely to be on a green note even as the bullion continuous to move through eventful geo-political circumstances. In overseas markets, Comex gold futures for December delivery gained 54, or 1.3 per cent, last week to close at USD 4,216.3 per ounce, while silver rose over 1 per cent to USD 61.05 per ounce. Silver also recovered in the last two sessions, drawing support from gold and positive momentum in industrial metals such as copper and zinc. Geopolitical uncertainty remains another factor for bullion.
Gold futures ended with a weekly gain of more than 1 per cent, on bargain buying at lower levels recovering from around USD 4,066 to above USD 4,200 per ounce, said Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd.
