New Delhi, Jan 29: Silver prices on Thursday crossed the Rs 4 lakh per kilogram mark in futures trading, while gold reached an all-time high of Rs 1.8 lakh per 10 grams, supported by strong global cues and investor demand.
On the Multi Commodity Exchange (MCX), silver futures for March delivery surged Rs 22,090, or 5.73 per cent, to a record Rs 4,07,456 per kilogram. Gold futures for February delivery rose Rs 14,586, or 8.8 per cent, to touch Rs 1,80,501 per 10 grams.
Internationally, gold futures on Comex surpassed USD 5,600 per ounce for the first time, gaining USD 286.6, or 5.4 per cent, to reach USD 5,626.8 per ounce for April delivery. Comex silver futures also climbed to a record USD 119.51 per ounce.
Analysts attributed the surge in silver to strong industrial demand and a weak US dollar, noting that the metal has been outperforming gold in recent sessions. They also highlighted persistent safe-haven buying amid economic uncertainties and rising geopolitical tensions as key drivers of the bullion rally.
