Gold rises on easing geopolitical tensions

Gold prices jumped by Rs 1,914 to Rs 1.46 lakh per 10 grams in futures trade on Friday, tracking firm global trends amid easing geopolitical tensions in West Asia.

On the Multi Commodity Exchange, the yellow metal for April delivery increased 1.32 per cent. Silver prices rebounded sharply by Rs 8,540 to Rs 2.40 lakh per kilogram in futures trade, snapping a seven-day losing streak on value buying after a steep decline in a recent session.

The white metal for May delivery appreciated by nearly 4 per cent. The recovery follows a sharp decline on Thursday, when the metal had plunged by Rs 16,734, or nearly 7 per cent, to close at Rs 2,31,460 per kg.