Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia. 

On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.