Precious metals rallied on Thursday as gold futures rose 0.60% to ₹1,30,575 per 10 grams and silver jumped 2.42% to ₹1,93,300 per kg after touching a record ₹1,93,452. The surge followed the US Federal Reserve’s third consecutive rate cut, lowering the federal funds range to 3.50%–3.75%. A weaker dollar and expectations of softer US inflation further boosted sentiment.