Daijiworld Media Network - Mumbai

Mumbai, Nov 6: Gold prices rebounded sharply on Thursday from a one-week low, driven by a softer dollar, heightened safe-haven buying, and fresh demand ahead of the peak wedding season.

The rally came despite stronger-than-expected US jobs data, which has tempered hopes for another Federal Reserve rate cut this year.

During intra-day trading, 10 grams of 24-carat gold was priced at Rs 1,20,100, according to the India Bullion and Jewellers Association (IBJA). On the MCX, December gold futures gained 0.74% to Rs 1,21,410 per 10 grams, while December silver contracts rose 1.03% to Rs 1,48,884 per kg as of 2:10 pm.

The dollar index dipped around 0.20% but remained above the 100-mark, near a four-month high. Meanwhile, US 10-year Treasury yields stayed jus

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