New Delhi, Feb. 18 -- Gold and silver prices remain volatile this week amid thin trading during Lunar New Year holidays across China, South Korea and other Asian markets.

With China - a key physical and futures market - shut, global liquidity has thinned. Chinese exchanges have become major sources of incremental demand and leverage in precious metals, playing an increasingly influential role in price discovery alongside COMEX.

After falling for two days in a row, gold and silver prices jumped up to 3% in the domestic futures market on Wednesday, February 18.

Gold futures for April delivery on the MCX surged almost 1.2%, to Rs.1,53,554 per 10 grams, while silver futures for March delivery climbed 3.41% to Rs.2,38,564 per kg.

On the in...