Gold and silver prices on Monday have surged sharply on Monday after falling down significantly last week. The sudden surge in prices is due to a weaker US dollar and persistent geopolitical uncertainties. 

As reported by news agency IANS, 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. Whereas the MCX silver March futures climbed 4.81 per cent to Rs 2,61,900 per kg.