Mumbai
Gold and silver prices surged strongly as easing tensions in West Asia boosted market sentiment. On MCX, gold rose nearly 4 per cent to Rs 1,44,410 per 10 grams, while silver jumped around 6 per cent to Rs 2,14,500 per kg. Internationally, COMEX gold and silver also gained sharply. Analysts say gold may climb toward Rs 1,55,000 and silver toward Rs 2,40,000, with support levels holding. Gains followed reports of a US 15-point ceasefire proposal to Iran, plus deferment of potential military actions, although Iran’s officials remain cautious on talks progress.