Gold price today, July 3 -- Positive global cues and easing expectations of aggressive rate hikes by the US Federal Reserve boosted precious metals, with gold and silver prices on the MCX jumping up to 2% on Friday, 3 July, morning.

MCX gold August futures were 1.40% up at Rs.1,47,800 per 10 grams, while MCX silver September contracts were 1.80% up at Rs.2,37,456 per kg around 9:05 am.

Gold prices in the US also climbed by more than 1%, looking set for its first weekly gain in five weeks, as softer-than-expected U.S. jobs data raised expectations that the Fed may delay rate hikes.

Meanwhile, the dollar index was also down about half a per cent for the week, making greenback-denominated gold cheaper for buyers in other currencies.

(Thi...