Gold and silver prices have reached new record highs, driven by investor demand for safe-haven assets amid expectations of US interest rate cuts, a weak dollar, and geopolitical risks. Gold futures surged to Rs 1,38,991 per 10 grams, while silver futures climbed to Rs 2,32,741 per kg. Factors contributing to the surge include falling US yields, central bank purchases, and a global supply crunch for silver, though a dip in US jobless claims briefly limited gains.