The Indian Silver so far has surged Rs 654 from the days low to touch a high at Rs 36,784.
The policy announcements on gold today are a step towards making gold a part of the larger financial system and a fungible asset class.
The spot price of Gold has jumped nearly a per cent, while the spot Silver is trading on a flat note.
The Indian Gold has jumped 1.6 per cent from the days low.
The precious white metal has extended its losses in the early deals and touched a low of Rs 36,130.
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