Mumbai, Dec 15 || Gold and silver prices rose sharply in early trade on Monday, supported by positive global cues and weakness in the US dollar.
On the Multi Commodity Exchange (MCX), gold February futures were trading 0.72 per cent higher at Rs 1,34,580 per 10 grams during early trade.
Silver March contracts also saw strong buying interest and climbed 1.36 per cent to Rs 1,95,466 per kg.
The precious metals had seen sharp movements in the previous session as well. On Friday, December 12, MCX gold February futures jumped nearly Rs 2,800, or over 2 per cent, to hit a record high of Rs 1,35,263 per 10 grams.
However, some profit booking at higher levels pulled prices down from the peak, and gold ended the session 0.82 per cent higher at Rs 1,33,551 per 10 grams.