On the Multi Commodity Exchange (MCX), gold futures hit an intraday high of Rs 1,64,497 per 10 grams, while silver futures climbed to Rs 3,01,429 per kg

According to a notification issued by the Ministry of Finance, the revised duty structure came into effect on May 13; gold and silver findings will now attract a customs duty of 5 per cent, while platinum findings will face a 5.4 per cent duty