Gold futures on the MCX have gained 6% on a year-to-date basis, while silver futures prices have increased by nearly 0.36% in value terms. The August gold futures were trading at Rs 58,275 per 10 grams, while September silver futures were at Rs 70,320 per kg. The upcoming US nonfarm payroll report and the FOMC minutes of the June meeting are expected to impact gold prices. Experts recommend buying gold futures at Rs 58,000 with a stop loss of Rs 57,700 and a target price of Rs 58,500.
