Silver Futures Hit New Peak Of Rs 2.72 Lakh/Kg On Iran...

Key Highlights

• Silver prices surged sharply on Tuesday as geopolitical tensions in Iran deepened and traders grew wary over the Federal Reserve’s policy uncertainty outlook, Rahul Kalantri, VP Commodities, Mehta Equities Ltd, said.
• Meanwhile, gold futures saw mild profit-booking after their record highs.
• On the MCX, the yellow precious metal for the February contract slipped by Rs 196, or 0.14 per cent, to Rs 1,41,836 per 10 grams after touching a record of Rs 1,42,500 per 10 grams in the previous session.
• In the international market, gold futures on the Comex also eased, declining by USD 15.26, or 0.33 per cent, to USD 4,599.44, after scaling a new peak of USD 4,640.26 per ounce on Monday.
• On the Comex, silver futures for the March contract were trading marginally higher at USD 85.20 per ounce, after crossing the USD 86-per-ounce mark for the first time in the previous session.