 "Silver futures jump 6% to ₹2.54 lakh/kg, cross $80/ounce in global markets")
Silver prices extended their record-breaking rally for a sixth straight session on Monday, surging 6 per cent to touch a lifetime high of ₹2,54,174 per kilogram in futures trade amid strong investor demand and bullish global trends.
On the Multi Commodity Exchange (MCX), silver futures for March delivery surged ₹14,387, or 6 per cent, to hit a new record of ₹2,54,174 per kilogram. The white metal has been witnessing robust buying interest from traders, tracking firm trends in the international markets.
Meanwhile, gold futures hovered near all-time highs in the domestic futures market. On the MCX, the yellow metal for February delivery gained by ₹357, or 0.26 per cent, to ₹1,40,230 per 10 grams.
It had scaled a fresh peak of ₹1,40,465 per 10 grams on Friday.
In the international markets, gold futures opened on a positive note but later trimmed all its early gains to trade lower at $4,536.80 per ounce, down by $15.90, or 0.35 per cent, as investors booked profits after last week's rally.
However, silver futures crossed the USD 80-per ounce mark for the first time on the Comex. The March 2026 contract climbed USD 5.47, or 7.09 per cent, to touch a record level of USD 82.67 per ounce, driven by expectations of lower interest rate cuts by the US Federal Reserve next year and strong industrial demand.
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