Gold price zooms Rs 660, biggest one-day gain this year

New Delhi-Inidia (Oct 3)  Snapping its five-day falling streak, gold rebounded by Rs 660, its biggest one-day surge this year, to trade at Rs 26,810 per ten grams at the bullion market today.

 The precious metal, after five sessions of losses, recovered 2.1% to $1,136.60 an ounce in New York yesterday as the US payrolls rose less than expected in September and wages stagnated, weakening the case for the Federal Reserve to raise interest rates this year.

 Silver also rose sharply by Rs 1,200 to Rs 35,800 per kg on increased offtake by industrial units and coin makers.

Source: TheTimesOfIndia