New Delhi, Feb. 23 -- Gold rate jumped 2% while silver soared 6% on the MCX on Monday, February 23, amid escalating US-Iran tensions and the dollar's significant fall. MCX gold April futures jumped by over Rs.3,700, or 2.4%, to Rs.1,60,600 per 10 grams, while MCX silver March futures jumped by nearly Rs.15,200, or 6%, to Rs.2,68,120 per kg.

The dollar index fell 0.45% to 97.36, making green-backed bullion cheaper in overseas currencies and prompting more buying.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with permission from MINT....