India, April 28 -- Following the sharp pullback seen during last Friday's session, the price of gold showed a significant move back to the upside during trading on Monday.
Gold for April delivery surged $50.10 or 1.5 percent to $3,332.50 an ounce after plunging $49.60 or 1.5 percent to $3.282.40 an ounce in the previous session.
The rebound by the price of gold partly reflected bargain hunting after the steep drop seen last Friday largely offset the jump seen last Thursday.
The precious metal also benefitted from a decrease by the value of the U.S. dollar, as the U.S. dollar index has fallen by 0.4 percent.
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Gold also moved higher amid lingering uncerta...