MCX GOLDM February contract was trading at Rs 26195 up Rs 63, or 0.24 percent. The GOLDM rate touched an intraday high of Rs 26212 and an intraday low of Rs 26165. So far 20 contracts have been traded. GOLDM prices have moved up Rs 475, or 1.85 percent in the February series so far.
Gold slipped nearly 1 per cent on Monday after a short covering rally in the previous session fuelled by a softer-than-expected US jobs report.Despite a 3 per cent jump on Friday, gold remained below a key $1,180-an-ounce level that could pressure the metal back to 4-1/2-year lows reached last week on a strong dollar and fears regarding an upcoming rate hike by the US Federal Reserve.