New Delhi, Jan. 9 -- Both gold and silver prices continued to hold Friday's early gains after data showed the US economy created fewer jobs than expected in December, which could reinforce the case for more Federal Reserve rate cuts this year.

The February gold future contracts on MCX surged Rs.1,160 per 10 grams to reach Rs.1,38,902. The rebound also contributed to a 2% rally for the week so far. In the international market, the spot gold price rose 0.5% to $4,496 per troy ounce.

Silver prices saw renewed buying interest, with March silver future contracts gaining Rs.7,476 per kilogram, or 3%, to cross the Rs.2.5 lakh mark, reaching Rs.2,50,800.

For the week, MCX silver is up nearly Rs.14,510 per kilogram, while for the month it has g...