New Delhi, Feb. 9 -- Both precious metals-gold and silver-remained higher during Monday's session, as the recent sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment.

In addition, the election victory of Japan's conservatives, who are pushing for higher fiscal spending, and a Bloomberg report stating that China is urging local banks to scale back their holdings of US government debt, were both seen as supporting demand for safe-haven assets.

Meanwhile, data released over the weekend showed that the Chinese central bank extended its gold purchases for a 15th consecutive month, underscoring resilient official demand, a key driver of the extended bull run that preceded the recent ro...