Gold price today, March 20 -- A day after suffering losses of 5%, Gold rate on MCX jumped more than 2% in morning deals on Friday, March 20, largely due to value buying amid persisting geopolitical risks.

In the previous session, the MCX gold April futures contract closed at Rs.1,44,954 per 10 grams, plunging more than 5%, while the MCX silver May futures contract finished at Rs.2,31,460 per kilogram, suffering a massive loss of nearly 7%.

On Friday morning, MCX gold April futures jumped by Rs.3,350, or 2.30%, to Rs.1,48,302 per 10 grams, while MCX silver May contracts surged by Rs.8,540, or 3.7%, to Rs.2,40,000 per kg.

While the medium to long-term outlook for gold remains healthy due to central bank buying and geopolitical factors, t...