Gold prices surged by Rs 1,100 to Rs 1.39 lakh per 10g in Delhi markets, mirroring a global increase where spot gold rose 1.56% to USD 4,392.94 per ounce. Analysts attribute the rise to potential US Federal Reserve rate cuts and a positive outlook for the metal. Silver also saw a significant gain, climbing 4.28% to USD 74.52 per ounce. Geopolitical uncertainties, expectations of lower US borrowing costs, and a firm dollar are supporting safe-haven demand for both precious metals.