Bullion futures climb amid safe-haven rush

Gold and silver prices rose in both domestic and international futures trade, as investors flocked towards safe-haven asset amid heightened political turmoil in Venezuela and rising geopolitical tensions involving the US and Latin American nations.

On the Multi Commodity Exchange (MCX), gold futures for February delivery increased by Rs 445, or 0.32 per cent, to Rs 1,38,565 per 10 grams in a business turnover of 14,949 lots. Silver futures, too, strengthened on the commodities bourse, with the March contract soaring Rs 3,715, or 1.51 per cent, to Rs 2,49,870 per kilogram in 12,105 lots.