New Delhi, Nov. 4 -- Indian stock markets gained, as well as gold and silver prices staged a strong rebound on Wednesday, November 4, after Democrats swept the US midterm elections, dealing a major political setback to President Donald Trump.

The outcome weakened the US dollar and Treasury yields, supporting precious metals, while improving global risk sentiment lifted expectations of stronger foreign investor flows into emerging markets, including India.

On the Multi Commodity Exchange (MCX), gold rose 2.5% to an intraday high of Rs.1,42,957 per 10 grams, while silver jumped more than 4% to Rs.1,87,422 per kg. Internationally, bullion advanced as much as 2.5% to near $4,030 an ounce, marking its biggest intraday gain since August. Silv...