New Delhi, July 6 -- Gold and silver prices traded with mild gains on Monday, 6 July, extending last week's sharp recovery as easing concerns over an imminent US Federal Reserve rate hike and a weaker US dollar provided much-needed support to precious metals, which had remained under pressure in recent weeks.

COMEX gold futures climbed $90 per troy ounce to an intraday high of $4,215, while silver futures advanced $2.73 per troy ounce to $63.73.

Gold ended last week 0.72% higher. While the weekly gain appeared modest, the yellow metal rebounded 4.3% from the week's low, marking its first weekly advance after four consecutive weeks of losses.

Silver, meanwhile, surged 3.11% during the week, snapping a seven-week losing streak.

Investor...