GOLD PRICE RECOVER ON SOFTER DOLLAR

Gold April future stabilizes on Monday after a selloff seen in the previous trading session tracking a positive trend seen in the international spot prices. Silver May future was trading with gains of over a percent. Gold and silver prices settled on a weaker note in the international markets on Friday. Gold and silver crashed in previous session amid a strong rebound in the dollar index and surge in 10-year U.S. bond yields. The 10-year bond yield reached record highs of 1.60% last week and pushed precious metals prices lower.

On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.63% percent at Rs 46024 for 10 grams and touched a high of Rs 46139. May silver futures were trading 1.21 percent higher at Rs 69619 a kilogram. Currently, this future touched high of Rs 69854 and Low of Rs 69323.