Gold vs Silver, Dec. 22 -- Gold surged past the $4,400-per-ounce mark for the first time on Monday, driven by rising expectations of additional U.S. interest rate cuts and strong safe-haven demand, while silver joined the rally to touch a record high.

Spot gold rose 1.7% to $4,411.01 per ounce as of 0822 GMT, easing slightly from an earlier peak of $4,420.01. Spot silver climbed 2.5% to $69.44.

Meanwhile, back home, Gold prices climbed nearly 1%, while silver surged over 2% during morning trade on the MCX on Monday, supported by stronger spot demand and renewed expectations of US Federal Reserve rate cuts. MCX gold February futures rose 0.77% to Rs.1,35,224 per 10 grams, while MCX silver March futures jumped 2.39% to Rs.2,13,412 per kg ...