Gold, Silver Prices Surge on MCX: Gold Jumps 4%, Silver 6% Amid Strong Demand

• Gold and silver prices saw a sharp rally on the Multi Commodity Exchange (MCX) on Wednesday.
• MCX gold April contracts surged by nearly ₹7,000 (4.5%) to ₹1,60,755 per 10 grams.
• Silver March futures outperformed, soaring over ₹16,000 (6%) to ₹2,84,094 per kg.
• The price hike is attributed to strong spot demand and a softer US dollar.
• Global gold prices also climbed over 2% due to dollar weakness, making bullion more attractive.

Why It Matters: Gold and silver prices surged significantly on MCX due to strong demand and a weaker US dollar.