Gold, silver prices today: Comex gold and silver extend rally as weak US jobs data cools Fed rate hike fears

Gold and silver prices extended their rally on Friday after weaker-than-expected US jobs data eased fears of an imminent Federal Reserve rate hike. Comex gold climbed about $83 per troy ounce to an intraday high of $4,208, while silver advanced $2.35 to $63.50; on the MCX, near-month gold surged around 2,311 rupees per 10 grams to about 1,48,069 rupees, and silver climbed 5,572 rupees per kilogram to 2,38,876 rupees. The US economy added just 57,000 jobs in June, well below the 110,000 forecast, weakening the dollar and boosting demand for non-yielding bullion.