Gold prices were up in the morning as growing risks of an economic recession spurred some safe-haven demand for the yellow metal.

Markets recovered sharply on Friday and gained over one and a half percent, tracking firm domestic cues.

Markets remained volatile and ended lower for the third successive week.

Gold has reversed the morning gains yet trades 0.18 percent higher than the previous closing. Strength in the dollar has cushioned the gains.

Markets kept the participants on the edge on the monthly derivatives expiry day but finally ended flat.

Gold remains higher by nearly 0.6 percent currently.

Markets edged further lower and lost nearly a percent, in continuation of the prevailing corrective phase.

Gold has steadied after attaining 7 month low during the morning session. The overall trend is bearish for the yellow metal as the dollar continues making new highs.

Markets remained volatile for yet another session and ended almost on a flat note, taking a breather after the recent slide.

Gold at MCX is currently up 0.37 percent but prices are unable to sustain above the 49500 mark.