Gold futures advanced in early deals of Monday whetted by the inflation hedge appeal of the bullion and as the worries over economic ramifications in midst of continued Russia-Ukraine war kindled safe haven appeal of the bullion. Gold for the most active contract had logged 1.5% gain for the week.
Gold futures for June rose by 0.7% at $1,987.70 ounce on the Comex division of the New York Mercantile. Spot gold added by 0.5% at $1,984.58 per ounce.