Gold and silver prices opened sharply higher on Multi Commodity Exchange (MCX) on Wednesday after the central government hiked customs duty on imports of gold, silver and other precious metals, with the revised rates taking effect from midnight.
In the domestic market, MCX silver futures for July 2026 delivery jumped Rs 16,743 or 6% to Rs 2,95,805 per kg. Gold futures for June 2026 delivery rallied Rs 9,206 or 6% Rs 1,62,648 per 10 grams. In the previous session, silver ended higher, while gold dropped marginally lower.
