Precious metals witnessed a sharp rally on Monday, with gold and silver prices rising significantly amid escalating geopolitical tensions and a weakening US dollar. The surge reflects heightened investor interest in safe-haven assets during a period of global uncertainty.

Gold, silver futures jump sharply on MCX

On the Multi Commodity Exchange (MCX), gold April futures climbed 1.83 per cent during intra-day trade to reach Rs 1,59,749 per 10 grams. Silver March futures outperformed, surging 5.10 per cent to Rs 2,65,836 per kilogram. Earlier in the session, gold had gained nearly 2 per cent, while silver recorded an even sharper jump of around 6 per cent.