Gold price at Rs 1.47 lakh/10g; silver gains Rs 5,000/kg as US jobs data cools inflation worries. What are experts saying?

Gold and silver prices opened sharply higher on MCX on Friday after weaker-than-expected U.S. labour market data reduced expectations of further Federal Reserve rate hikes. MCX silver futures rose 2% to Rs 2,38,216 per kg, while gold futures gained Rs 2,219 to Rs 1,47,977 per 10 grams.

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