Gold rate jumps over 2% on MCX on value buying; dollar's strength, dimming US Fed rate cut hopes remain key risks

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Gold rate jumped sharply on value-buying on Friday morning. MCX gold April futures jumped by ₹3,350, or 2.30%, to ₹1,48,302 per 10 grams, while MCX silver May contracts surged by ₹8,540, or 3.7%, to ₹2,40,000 per kg.