Gold

Silver Prices Hit Record Rs 2 Lakh Per Kg In Futures Trade Amid Strong Global Cues

Silver prices hit an all-time high on MCX, crossing the Rs 2 lakh per kg mark amid a global upswing

Canva
Silver futures surged past Rs 2 lakh per kg for the first time on MCX Photo: Canva
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Summary

Summary of this article

  • MCX March silver futures jumped Rs 1,420 to a record Rs 2,00,362 per kg, extending their winning streak to four sessions

  • Comex silver scaled a fresh high of USD 64.74 per ounce, reinforcing bullish sentiment in precious metals

Silver prices rallied on Friday to breach the record Rs 2 lakh per kg mark in futures trade for the first time, riding on strong investor demand and positive global trends.

Rising for the fourth consecutive day, the white metal futures for March delivery appreciated by Rs 1,420, or 0.71 per cent, to touch a lifetime high of Rs 2,00,362 per kg on the Multi-Commodity Exchange (MCX).

In the international markets, Comex silver futures rose to scale a fresh peak of USD 64.74 per ounce.

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