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Gold gained 4.73% this week as a weaker US dollar, falling Treasury yields and soft US labour-market data strengthened bullion demand.

The IMD has forecast heavy to very heavy rainfall across several parts of India on Saturday, with thunderstorms and gusty winds likely in some areas.

Heavy rain prompted the IMD to issue a red alert for Delhi-NCR as waterlogging and traffic disruptions affected several parts of the region.

Delhi is likely to receive more rain over the next three days after the IMD issued a yellow alert for parts of the national capital.

Gold prices climbed to a seven-week high, nearing Rs 1.5 lakh on MCX as lower US Treasury yields boosted safe-haven demand.

Moderate rain cooled Delhi-NCR as the IMD forecast heavy to very heavy rainfall across several states during the next 24 hours.

The IMD has issued a yellow alert for Delhi and forecast moderate rainfall, cloudy skies and thunderstorms on Wednesday.

The IMD issued red and orange alerts for thunderstorms, heavy rain, lightning and strong winds across several states.

The Indian rupee strengthened to a near one-month high against the US dollar as lower crude oil prices and foreign inflows boosted sentiment.

IMD has forecast cloudy skies, light rain and thunderstorms in Delhi on Sunday as monsoon conditions continue across the city.