Gold futures settled near 11 month high on Monday, buoyed by the safe haven appeal of the bullion amid woes over financial fragility followed by bank turmoil. Even though, stronger dollar capped investments in the greenback denominated bullion.
Gold futures for April rose by $9.30 or 0.5% to finish at $1982.80 ounce on the Comex division of the New York Mercantile. While, spot gold jumped by $ 5.77 or 0.29% to $ 1,984.61 per ounce.