Gold prices recovered on Friday, rising by Rs 1,997 to Rs 1.41 lakh per 10 grams in the futures market, supported by strength in global cues and value buying after a sharp decline in the previous session.
On the Multi Commodity Exchange, gold for April delivery rose by Rs 1,997, or 1.43 per cent, to Rs 1,41,490 per 10 gram. In the previous session, it had closed at Rs 1,39,493 per 10 gram after losing Rs 4,604, or 3.2 per cent.
The June contract also rose, gaining Rs 1,811, or 1.27 per cent, to Rs 1,44,325 per 10 grams on the MCX. This followed a fall of Rs 4,926, or 3.34 per cent, in the previous session, when it had stabilized at Rs 1,42,514 per 10 grams.
Trading in the commodities market was suspended during the morning session on Thursday due to Ram Navami and resumed later in the afternoon session.
