The active February 2008 gold contract was up 3.6% at Rs 11,484 per 10 gram. Total volume was 63,693 kgs, up from 16,572 kgs over previous week.
Total open interest was lower at 11,084 kgs, from previous weeks 11,130 kgs. Gold gained as much as $10 to $922.59 an ounce and traded at $919.86.
The active March 2008 silver contract was up 2.24% to trade at Rs 21,017 per kg. The volume was 1,398 tonne. The open interest was 311 tonne. Silver was traded higher at $16.49 an ounce.
With a rebound in stock markets, commodities overall are supported by expectation of another cut in US interest rates and the dollars weakness, Hiroyuki Kikukawa, an analyst at IDO Securities in Tokyo, said.
The active February 2008 copper contract was firm at Rs 277.35 per kg.
The volume was 46,357 tonne, up from 26,181 tonne but the open interest was 12,256 tonne, down from 14,953 tonne. Copper for three-month delivery gained 2.3% to $7,182.50 a tonne on the London Metal Exchange on a decline in stockpiles of the red metal monitored both by the LME and the Shanghai Futures Exchange.