<h1>Gold surges on safe-haven demand, ETF inflows and Fed rate cut hopes as silver also rallies</h1> Gold prices rose sharply in the national capital, driven by heightened safe-haven demand amid geopolitical tensions and renewed US-China trade frictions, with local benchmarks up by Rs 700-800 per 10 grams and silver gaining as well. Market commentary attributed the moves to ETF inflows, central bank purchases and expectations of additional US interest-rate cuts, while a stronger dollar limited upside. The Federal Reserve's recent rate cut and cautious guidance on future easing were cited as key macro drivers likely to influence near-term precious metals volatility and investor positioning.