New Delhi, Jan. 14 -- MMTC share price jumped over 9% in early trade on Wednesday, extending rally for the third consecutive session, amid spurt in volumes. The small-cap stock surged as much as 9.22% to Rs.69.49 apiece on the BSE.

Trading volumes in MMTC shares spiked significantly. Around 2 crore equity shares of MMTC changed hands on stock exchanges on January 14 as compared to its one week average trading volume of 48 lakh shares, and one month average volume of 1 crore shares.

The jump in MMTC share price is likely driven by a sharp surge in gold and silver prices. MMTC is a government-owned trading company involved in precious metals. The PSU plays a vital role in the import, export, and domestic trade of precious metals.

The pre...