Gold, silver rates jump up to 2% on MCX as US Fed rate hike bets ease; experts highlight key levels to watch

Gold and silver prices on MCX rose up to 2 percent on Friday morning as easing expectations of aggressive US Federal Reserve rate hikes boosted precious metals. MCX gold August futures gained 1.40 percent to around Rs 1,47,800 per 10 grams, while MCX silver September contracts climbed 1.80 percent to about Rs 2,37,456 per kg as of 9:05 am.