On the MCX gold futures for December delivery soared by Rs 4,188 or 3.77% during the week to close at Rs 1,14,891 per 10 grams on Friday. (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Gold and silver prices are expected to maintain their upward trajectory this week, but may see late profit-booking amid the release of a series of crucial global economic indicators, analysts said.
On the economic front, traders will closely monitor the manufacturing/ services PMI data from across regions and the US non-farm payrolls/ employment data along with consumer confidence for the month of September and speeches from several Federal Reserve officials, they added.
'We expect the current positive momentum in both bullions to continue, however, some profit-book