MCX gold April contracts jumped nearly ₹7,000, or 4.5 per cent, to ₹1,60,755 per 10 grams. Silver March futures outperformed, soaring over ₹16,000, or 6 per cent, to ₹2,84,094 per kg
Gold and silver prices rallied sharply in morning trade on the Multi Commodity Exchange (MCX) on Wednesday, buoyed by strong spot demand and a softer US dollar.
MCX gold April contracts jumped nearly ₹7,000, or 4.5 per cent, to ₹1,60,755 per 10 grams. Silver March futures outperformed, soaring over ₹16,000, or 6 per cent, to ₹2,84,094 per kg.
The domestic surge mirrored gains in global markets, where international gold prices climbed more than 2 per cent amid dollar weakness. A softer greenback typically makes dollar-denominated commodities more attractive for holders of other currencies, lending support to bullion prices.
STORY CONTINUES BELOW THIS AD
End of Article
Leave a Reply