Mumbai: Gold rose significantly from its one-week low on Thursday amid dollar decline, increased safe-haven buying and fresh demand ahead of the peak wedding season.

The rise came even as headwinds from stronger-than-expected US jobs data dampened expectations for another Federal Reserve rate cut this year.

The price of 10 grams of 24-carat gold was Rs 1,20,100 during intra-day trading, according to data published by the India Bullion and Jewellers Association (IBJA).

MCX Gold December futures rose by 0.74 per cent to Rs 1,21,410 per 10 grams at 2.10 pm. MCX Silver December contracts rose 1.03 per cent to Rs 1,48,884 per kg during the same period.

The dollar index fell approximately 0.20 per cent but stayed above the 100-mark, close to a four-month high. Meanwhile, US 10-year yields re

See Full Page