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Gold prices today jump for second day, silver rates surge

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.

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