Gold prices today jump for second day, silver rates surge

Gold and silver prices continued their upward march in India, lifted by higher global rates and a weakness in the rupee. On MCX, February gold futures today rose 0.27% to ₹38,359 per 10 gram, extending their Monday’s 0.75% gain. Silver posted sharper gains with prices on MCX rising 0.8% to regain the ₹46,000 per kg level. Silver futures on MCX had surged 1.7% in Monday’s trade. The rupee today weakened to 71.22 against the US dollar, extending it losses to the fourth day. Rupee’s depreciation increases the imported cost of gold in India.