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Gold jumps Rs 450; silver climbs Rs 200

Gold, silver prices rebound on strong global cues amid escalating tensions in Middle East

Traders will also take more cues from the first reading of US GDP for the first quarter on Thursday and the Personal Consumption Expenditures (PCE) price index data

Three Days After The Fall, Gold, Silver Prices Surge as Middle East Tensions Escalate

Gold and silver prices rebounded sharply on Monday after three sessions of decline. Gold rose by Rs 220 to Rs 72,820 per 10 grams, driven by strong overseas trends and Middle East tensions. Silver increased by Rs 1,050 to Rs 92,850 per kg. Spot gold at Comex traded at USD 2,344 per ounce, supported by a softer US dollar. Despite US and UK market closures, volatility remains high due to upcoming inflation data from Germany, the Eurozone, and the US. On the Multi Commodity Exchange, gold futures rose by Rs 462 to Rs 71,718, and silver futures increased by Rs 1,527 to Rs 92,075.

Gold plunges Rs 1,050 to Rs 73,550/10 g

Gold plunges Rs 1 050 to Rs 73 550 10 g

(This story has not been edited by THE WEEK and is auto-generated from a PTI