After months of consolidation and volatile swings driven by the Middle East war and tariff-related uncertainty, gold and silver prices returned to an explosive one-day rally on Wednesday, one the markets had not seen in a while.
Gold and silver futures on the MCX surged nearly 6% each, with gold jumping around Rs 9,600 and silver soaring nearly Rs 17,000 after the Centre sharply increased customs duty on imports of gold, silver and other precious metals.
