US-Iran War, March 2 -- Silver prices moved sharply on Monday as geopolitical tensions escalated after the United States and Israel carried out extensive military strikes on Iran, reportedly killing Supreme Leader Ayatollah Ali Khamenei. The development triggered fresh uncertainty across global financial markets and drove volatility in commodities.

The conflict intensified over the weekend after coordinated strikes by the US and Israel targeted multiple locations in Iran. Tehran responded with missile attacks aimed at Israel as well as US military installations and strategic sites in Qatar, the United Arab Emirates, Kuwait and Bahrain, widening fears of a broader regional confrontation.

On MCX, Silver price added 1.3% to Rs.2,78,644 per...