Shravan Shetty, Managing Director, Primus Partners, shares his view that gold prices are rising due to risk-off sentiment, dollar weakness, and central banks increasingly holding surplus reserves in gold over US Treasuries. He highlights that geopolitical uncertainties and limited alternatives will continue to drive flows into gold. He further notes that silver’s surge is due to rising demand from electrification, constrained supply, rupee depreciation, and buildup of market shorts.