Gold prices in India jumped by over 2 per cent on Monday following global moves to de-escalate geo-political tensions in the Middle East which multiplied with the US bombing in Iran.
Standard gold in Mumbai's Zaveri Bazaar jumped to trade at Rs 40,678/10g on Monday as compared to Rs 39,931/10g at its previous close on Friday. Silver price also moved up to trade at Rs 47,955/kg on Monday versus Rs 47,330/kg on Friday.
Gold in India was up nearly 4 per cent in two trading days Friday and today.
Global investors have been investing aggressively in gold as a safe