In international markets, silver prices approached the $120-per-ounce mark. Spot silver rose 1.1% to $117.87 an ounce after hitting a record high of $119.34 earlier in the session. The white metal has gained over 60% this year due to strong investor demand for cheaper alternatives to gold, persistent supply constraints, and momentum-driven buying. Back home, gold prices surged amid a weaker US dollar and strong demand for safe-haven assets. Iran has warned of retaliation against any US military action, with Foreign Minister Abbas Araqchi saying their armed forces are fully prepared for aggression but remain open to a fair nuclear deal without coercion.