Gold and silver prices, after experiencing a sudden surge on Wednesday, fell marginally on Thursday. The high volatility in precious metals is because of the rise in global trade uncertainty, geopolitical tensions and decline in the US dollar. 

MCX gold April futures gained 0.76 per cent on Wednesday to Rs 1,61,180 per 10 grams around 11:30 am on an intraday basis. Meanwhile, the MCX silver March futures gained 3.20 per cent to Rs 2,69,075 per kg.