MCX Gold futures also shot up following the upmove in global prices and currently trade at Rs 28,530 per 10 grams, up 0.5 percent on the day after hitting a high above Rs 28,600 levels in intraday moves.
Prices were down 3 percent for the biggest weekly decline in two months.
Investors have grown cautious this week amid political uncertainties in the US and speculation that the rally in stocks has petered out.
Natural Gas, Gold, Silver and US Soybeans have advanced, while Copper has shed.
On the higher side Rs 407 and 409 per kg are resistances.
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Technical comment for the day: Copper