Commodities Live: Gold Price Surges Over Rs 50,500, Silver Goes Above Rs 56,000 Amid Weak Dollar

Gold and silver prices increased in the global market due to the weakness in the dollar. On MCX, Gold futures traded higher above Rs 50,500 per 10 grams. Whereas, MCX Silver traded higher above Rs 56,000 per kg. Last week, Gold fell by about 3% and Silver fell by 12%.