Gold prices in India made a big upward move on Friday after falling for four days in a row but closed the week lower. On MCX, June gold futures jumped 1.5% or ₹650 to ₹45,556 per 10 gram on Friday but ended the week about ₹1,000 per 10 gram lower, tracking a similar trend in overseas markets.
Silver futures on MCX also rose 0.77% higher to ₹41,709 per 10 gram higher. MCX had opened for trading for the evening session on Friday as the morning session was closed for a holiday.
In India, physical trading in gold remained suspended due to the nationwide lockdown. Akshaya Tritiya, which fell on April 26, failed to help revive appetite for the metal.