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Gold rose by Rs 400 to Rs 57,590 per 10 grams in the national capital on Sunday. The precious metal had closed at Rs 57,190 per 10 grams in the previous trade.

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On the other hand, gold of 22 carat purity rose by Rs 420 to Rs 52,800 per 10 grams from its previous closing price.

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Experts said the precious metal prices are likely to move higher amid volatile equity market conditions amid appeal of safe haven among investors.

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Meanwhile, all eyes will be on the US Fed meeting and the Union Budget, which will also play a significant role in influencing commodity market sentiment.

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Internationally, gold prices declined as some strength came in the dollar on the back of US economic data.

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Investors are still trying to weather a possible move by the Federal Reserve to lower interest rates next week.

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Spot gold fell 0.2 percent to $1,925.99 an ounce on Friday, following data on declining US consumer spending in December.

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The core PCE index rose 0.3 percent, mirroring early gains. And with a decline of 0.2 percent, US gold futures also closed at $ 1,926.10.

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Silver rate (1 kg) in major cities of India today Delhi - Rs.72,200 against yesterday's Rs.72,870, Kolkata - Rs.72,200 against yesterday's Rs.72,800 etc.

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