Gold and silver prices on MCX jumped sharply by 6% to upper circuit limits on Wednesday following the government’s decision to raise import duty to 15%, with June gold futures closing at ₹1,62,648 per 10 grams and July silver at ₹2,95,805 per kg. The move, aimed at curbing forex outflow amid the West Asia crisis, has pushed Chennai retail gold rates to ₹15,400 per gram for 22K, leaving jewellery b
