नवीनतम
Silver breaches Rs 3 lakh/kg mark for 1st time ever
NEW DELHI [Maha Media]: Silver prices surged on Monday to breach the record Rs 3 lakh-per-kg mark in futures trade for the first time, riding on strong investor demand and positive global trends.
On the Multi Commodity Exchange (MCX), silver futures for March delivery skyrocketed by Rs 13,553, or 4.71 per cent, to hit a record of Rs 3,01,315 per kilogram.
In the international market, the March silver futures contract jumped by USD 5.81, or 6.56 per cent, to hit a record of USD 94.35 per ounce.
3 Main Reasons for Silver Rally
Industrial Demand - Heavy use in solar, electronics and EV, silver is no longer just jewellery, has become essential raw material.
Trump's Tariff Fear - American companies are stockpiling silver, prices rise due to global supply shortage.
Manufacturers in Race - Everyone is buying in advance due to fear of production stoppage, this will keep the momentum going in coming months.
