Gold and silver prices reached record highs due to escalating geopolitical risks, pressure on the U.S. Federal Reserve, and weaker employment data, increasing demand for safe-haven assets. Global gold prices have risen significantly this year, driven by interest rate cut expectations and a weaker dollar. In India, domestic gold prices also saw substantial gains, outperforming the Nifty 50 index, partly due to a fall in the rupee against the dollar.