New Delhi, March 31 -- Gold rate rose by over 1% in opening deals on the MCX on Tuesday, March 31, on value buying amid a positive global trend. Silver prices jumped by over 3%, mirroring the global trend. However, both precious metals appear set to end the month on a negative note.

MCX gold June futures rose by more than Rs.1,900, or 1.30%, to Rs.1,49,596 per 10 grams, while MCX silver jumped by Rs.8,400, or nearly 4%, to Rs.2,37,402 per kg on Tuesday.

U.S. gold futures for June delivery gained by 2% to $4,649.26.

According to Reuters, international gold prices are set for their biggest monthly drop in nearly two decades because of fading expectations of US Fed rate cuts amid rising crude oil prices and a stronger dollar.

In India, s...