New Delhi, Feb. 8 -- Both precious metals witnessed a sharp rebound on Friday, February 7, buoyed by a softer dollar, robust physical demand, and ongoing geopolitical tensions.

MCX gold April futures surged more than 2% to Rs.1,55,374 per 10 grams, while MCX silver March futures climbed nearly 3% to Rs.2,50,300 per kg, supported by short covering and fresh hedging activity amid global uncertainty.

Meanwhile, in the international market, spot gold climbed 3.9% to $4,954.92 per ounce, recovering losses from a choppy Asian trading session after plunging 3.9% on Thursday. At the same time, spot silver surged 8.6% to $77.33 an ounce after falling below $65 earlier in the day, though it remained on track for a weekly decline of more than 8.7%...