Gold prices in India hit an all-time high on the Multi Commodity Exchange (MCX), touching Rs 96,747 for 10 grams, while silver prices also surged to Rs 95,730 per kilogram. The rally was driven by various factors including the weakening US dollar, increasing tensions in US-China trade relations, and worries surrounding central bank autonomy. Globally, gold prices surpassed $3,385 per ounce amidst ongoing financial instability. The surge in prices reflects investor interest in safe-haven assets during times of uncertainty.