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Silver Prices Breach Rs 3 Lakh-Per-Kg Mark In Futures Trade Amid...

Silver prices surged to a record high of Rs 3 lakh per kilogram on the Multi Commodity Exchange (MCX) on January 19, driven by strong investor demand and positive global trends. This increase coincided with a rise in international silver prices, attributed to factors such as industrial demand and geopolitical tensions.

Silver Prices Breach Rs 3 Lakh-Per-Kg Mark In Futures Trade Amid...

Credit: Dailyexcelsior

Key Highlights

  • Silver futures on MCX hit ₹3,01,315 per kg, marking a record high.
  • International spot silver reached $94.08 per ounce, reflecting a 6.56% increase.
  • The surge is fueled by safe-haven buying amid rising geopolitical tensions.
  • Analysts noted a weak US dollar contributing to silver's performance.
  • Silver has been outperforming gold in recent trading sessions.
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Sources

  1. Silver rate today hits ₹3,00,000 mark on MCX for first time. More gains ahead?
  2. Silver Prices Breach Rs 3 Lakh-Per-Kg Mark In Futures Trade Amid...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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