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Silver rate today jumps 4% to fresh record high on MCX amid geopolitical tension in Iran. More gains ahead?

Silver prices surged to a record high on January 12, 2023, rising nearly 4% amid geopolitical tensions and a weakening US dollar. This increase follows significant gains in the international market, with gold also experiencing substantial price rises as investors seek safe-haven assets.

Silver rate today jumps 4% to fresh record high on MCX amid geopolitical tension in Iran. More gains ahead?

Credit: Livemint

Key Highlights

  • Silver prices on MCX reached ₹2,62,834 per kg, up from ₹2,52,725.
  • International silver prices climbed 4.85% to $83.19, marking a record high of $83.88.
  • Gold prices on MCX hit a record high of ₹1,41,250 per 10 grams.
  • The dollar index fell by approximately 0.20%, contributing to the surge in precious metals.
  • Investors are moving towards safe-haven assets due to geopolitical uncertainties.
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Sources

  1. Silver rate today jumps 4% to fresh record high on MCX amid geopolitical tension in Iran. More gains ahead?
  2. Gold rates surge 2% on MCX; silver prices skyrocket more than 4% on global uncertainties; what should investors do?

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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