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).