Mumbai (Maharashtra) [India], February 24 (ANI): Gold price surged by nearly 3 per cent to Rs 51,750 per 10 gram at the Multi Commodity Exchange (MCX) on Thursday, the highest level in more than a year, after Russian President Vladimir Putin ordered a military operation in Ukraine.

At 14.25 India time at the MCX, gold 5 April 2022 futures was trading at Rs 51,720 per 10 gram, which is Rs 1341 or 2.66 per cent higher from its previous day's close.

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Gold price hit a high of Rs 51,750 per 10 gram in the intra-day on Thursday.

Silver price soared by 3.03 per cent to Rs 66540 per kg. Silver price hit a high of Rs 66,556 per kg in the intra-day at the Multi Commodity Exchange (MCX).

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The precious metal prices have surged after the confrontation in the Russia-Ukraine region escalated.

In the international market, spot gold price surged by 1.9 per cent to $1,943.86 per ounce, the highest level since January 2021. US gold futures jumped by nearly 2 per cent to $1,949.20 per ounce. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)