Key Highlights
- Silver prices hit Rs 3,39,927 per kg on the MCX, a nearly 4% increase.
- Gold prices reached Rs 1,59,226 per 10 grams, marking its fifth consecutive day of gains.
- The surge in prices is attributed to a weakening US dollar and anticipated interest rate cuts by the Federal Reserve.
- Silver surpassed its previous record of Rs 3,35,521 per kg set earlier in the week.
- Geopolitical tensions and economic uncertainty are also contributing factors to the price rally.
