Silver futures hit new record

Extending the record-breaking run to a third day, silver prices scaled a fresh peak of Rs 1,93,720 per kilogram in the futures trade following strong global trends and a rate cut by the US Federal Reserve. Silver futures soared by Rs 4,985, or 2.64 per cent, to touch an all-time high of Rs 1,93,720 per kg .

The white has been trading at record high levels in the past three sessions, surging by Rs 11,978, or 6.6 per cent, from Rs 1,81,742 per kg on Monday.

So far this year, silver prices have zoomed by Rs 1.06 lakh (Rs 1,06,487), or 122.07 per cent, from Rs 87,233 per kilogram on December 31, 2024. Meanwhile, gold futures for February delivery appreciated by Rs 845, or 0.65 per cent, to Rs 1,30,641 per 10 grams on the MCX.