Silver surges 3% in India futures market, gold moves up 1.5% amid Middle East war

Gold and silver surged 1.5% and over 3%, respectively, in the Indian futures market on Wednesday as the Middle East war escalates, thereby pushing safe-haven sentiments. As per MCX website, silver futures with May expiry peaked at ₹2,74,900/kg while gold futures with April expiry climbed to ₹1,63,800/10 gm by 3.30 pm. Spot silver reached $84.86/​ounce on Wednesday in global market.