Silver spikes Rs 9,900, gold rises over Rs 2K as US takes control in Venezuela

Synopsis Silver and gold prices surged sharply on Monday as the US took control in Venezuela, triggering a global rush toward safe-haven assets. MCX silver futures jumped Rs 9,900 per kg, while gold rose over Rs 2,000 per 10 grams. Tight physical supply, geopolitical tensions, and expectations of U.S. rate cuts are reinforcing the bullish momentum. Gold and silver prices opened sharply higher on Monday, reflecting a global rush toward safe-haven assets after the United States’ dramatic intervention in Venezuela over the weekend. On the MCX, silver futures for March delivery surged nearly Rs 10,000 per kg in early trade,…