Gold prices expected to trade in a range next week amid global cues

Gold prices are likely to stay volatile and move in a range in the coming week. Market analysts state that traders will keep a close eye on the US dollar, bond yields, developments in the West Asia conflict, and crude oil prices. Last week on the Multi Commodity Exchange, gold futures for October delivery went up by ₹1,597, which is a 1.04 percent jump. This pushed the settlement price to ₹1.54 lakh per 10 grams. Silver futures also saw an increase, climbing ₹6,629 or nearly 3 percent, to close the week at ₹2.41 lakh per kilogram. Meanwhile, in international markets, Comex gold futures for December delivery closed.