Gold and silver prices rebounded in domestic markets on Tuesday after a sharp decline, with MCX gold February futures rising 0.59% and silver March futures jumping 4.08%. This reversal followed a significant drop in global spot prices, attributed to factors like stretched long positions, increased margin requirements, and thin holiday trading. Despite the pullback, safe-haven demand for both metals persists due to geopolitical tensions involving Russia, Ukraine, and Venezuela. Analysts note that tighter inventories and silver's unique market structure support its rally, with specific support and resistance levels identified for both commodities.