Gold, Silver Soar to Record Highs in India Amid Rate Cut Hopes, Geopolitical Tensions

• Gold and silver prices scaled new record peaks in India and global markets on Wednesday.
• MCX gold futures hit ₹1.38 lakh per 10 grams; silver futures surged to ₹2.23 lakh per kilogram.
• Rally fueled by expectations of easier US monetary policy and potential US Federal Reserve rate cuts.
• Heightened geopolitical risks, including US-Venezuela tensions, boosted safe-haven demand for precious metals.
• Gold gained nearly 70% this year, its strongest annual performance since 1979, supported by central bank purchases.

Why It Matters: Precious metals hit record highs, driven by US monetary policy expectations and global instability.