Gold gained ground after dropping in the last week, as the dollar weakened against a basket of currencies.
Gold in the international markets rose after falling in eight straight sessions. In fact, in the international markets gold had last week on Friday, touched a low of $1240 an ounce. It was last seen trading at $1264, thus showing some recovery in trade. Check gold rates in Indian cities here
In Mumbai, gold for 24 karats delivery was trading at Rs 31,411, while gold for 22 karats delivery it was trading at Rs 29,370.