India, Jan. 5 -- Gold and silver prices surged in futures trade on Monday, tracking firm global trends, as renewed geopolitical tensions in Venezuela and expectations around key US macroeconomic data lifted investor sentiment.

On the Multi Commodity Exchange (MCX), gold futures for February delivery rose Rs 1,509, or 1.11 percent, to Rs 1,37,270 per 10 grams, with a business turnover of 15,226 lots.

The yellow metal had seen a correction last week, falling Rs 4,112, or 2.94 percent, after touching record highs in late December.

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