he gold prices surged over 0.5 per cent to record highs on Friday, due to rising geopolitical tensions and expectations for more US rate cuts next year. MCX gold February futures rose 0.72 per cent to a record Rs 1,39,091 per 10 grams, while MCX silver March futures jumped 3.56 per cent to a record Rs 2,31,759 per kg, as of 10.10 am.