<div>Gold futures jumped more than 2.5 per cent on Tuesday, 3 September as continued weakness in the rupee made the dollar-quoted yellow metal expensive, while importers remained on the sidelines as they awaited fresh guidelines from the federal government.<br /><br />At 1310 IST, the most-active gold contract for October delivery on the Multi Commodity Exchange (MCX) was 2.01 per cent higher at Rs 33,730 per 10 grams. The contract had struck a peak of Rs 35,074 last week.<br /><br />The rupee, which extended losses to near a record low, plays an important role in determining the landed cost of the dollar-quoted yellow metal.<br /><br />In the physical market, gold traders awaited operational guidelines from the customs department, after a five week halt in shipments, which drove premiums higher.<br /><br />"There is no demand from anywhere and imports are zero," said Haresh Acharya, head of bullion desk, Parker Bullion in Ahmedabad.<br /><br />Silver contract for September delivery on the MCX was 2.46 per cent higher at Rs 56,305 per kg.<br /><br /><br /><br />(Reuters)</div>
