Variables such as nominal gross domestic product (GDP), central bank balance sheets, or official gold reserves will remain the key determinants of gold prices.
Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade
Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce
The metal ended last week down 1.2% after a sharp midweek slide, though it rebounded 0.8% on Friday