The spot Gold price has jumped nearly a per cent (Rs 241) at Rs 26,550.

The MCX Gold April future has spurted almost a per cent (Rs 222) at Rs 26,449. The counter has seen trades of around 10,287 lots and the open interest has moved higher by 1186-odd lots at 9689 lots.

Meanwhile, the spot price of Silver is trading on a flat note at Rs 36,603 - up Rs 38.

The MCX Silver March future has added 0.7 per cent (Rs 252) at Rs 36,645. On the MCX counter so far 3,159 lots are traded, while the open interest has declined 473-odd lots at 3,120 lots.

The MCX Gold April future has smartly recovered earlier losses and now is trading higher after the Finance Minister Arun Jaitley proposed to introduce a Gold monetization scheme, through which one can earn interest by depositing Gold.

He also announced to commence work on developing the Indian Gold coin with Ashoka Chakra.

Soon, after which, the Indian Gold has jumped 1.6 per cent (Rs 424) from day's low to touch a high at Rs 26,490.

Now, the Gold price in India has added 0.7 per cent (Rs 183) at Rs 26,410.

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