MUMBAI: Gold and silver prices surged sharply on Monday due to a weaker US dollar and persistent geopolitical uncertainties.
MCX gold February futures jumped 1.31 per cent to Rs 1, 57, 484 per 10 grams around 10.45 am on an intraday basis. Meanwhile MCX silver March futures climbed 4.81 per cent to Rs 2, 61, 900 per kg.
On the MCX, silver prices, earlier in the day, had jumped as much as 6 per cent to its day's high of Rs 2, 64, 885 per kg before a round of profit booking.
The US dollar touched its lowest level since February 4, making greenback-priced metals cheaper for overseas buyers.