Gold and silver made a strong comeback on Monday after briefly pulling back from record highs. Amid ongoing global uncertainties, investors returned to value buying, seeking safety in gold and silver as reliable haven assets.On the Multi Commodity Exchange (MCX), December gold futures rose Rs 982, or 0.77%, to Rs 1,27,990 per 10 grams, with 14,913 lots traded. The yellow metal had touched an all-time high of Rs 1,32,294 per 10 grams on Friday before easing to Rs 1,27,008, snapping a five-day rally. February 2026 gold contracts also rose Rs 1,680, or 1.31%, to Rs 1,29,743 per 10 grams in 1,862 lots.The previous week, gold futures rose 4.65% or Rs 5,644, PTI reported.Meanwhile, silver futures also recovered. December silver jumped Rs 1,522, or 0.97%, to Rs 1,58,126 per kilogram in 23,985 lots, after previously hitting Rs 1,70,415 per kg. March 2026 silver gained Rs 1,292, or 0.82%, to Rs 1,59,361 per kg in 5,787 lots. Over the past week, silver prices climbed Rs 10,138, or 6.92%, supported by strong industrial demand and tight supply.Global markets reflected the same trend. On Comex, December gold futures rose $62.46, or 1.48%, to $4,275.76 per ounce after a record high of $4,392. Silver futures gained 1.50% to $50.85 per ounce after hitting a record $53.76 last week and then dropping sharply by 6%.“Gold has surged more than 65 per cent so far this year, buoyed by a potent mix of central-bank buying, robust ETF inflows, and aggressive positioning on expectations of US monetary easing,” said Riya Singh, Research Analyst at Emkay Global Financial Services, as quoted by PTI. She further said that a weakening dollar and speculation of a US Federal Reserve rate cut before year-end are also supporting bullion prices.Experts said last week’s dip came as fears over US credit eased and trade talks between Washington and Beijing improved, reducing immediate safe-haven demand. President Donald Trump’s recent comments on trade tensions and strong regional bank earnings also helped boost investor sentiment, while equities and Treasury yields rose, affecting gold’s appeal.Despite the correction, analysts remain optimistic. “The broader outlook for bullion remains positive. They expect gold and silver to stay supported in the coming weeks on continued geopolitical uncertainty, central bank buying, and expectations of further monetary easing by the US Federal Reserve,” one expert said.