New Delhi: Silver prices hit a new record high of Rs 2.41 lakh per kg in the national capital on Tuesday, rising by Rs 1,000 in line with firm global cues, according to the All India Sarafa Association.
However, gold of 99.9 per cent purity extended its losses for the second straight day, declining Rs 2,800 to Rs 1,39,000 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,41,800 per 10 grams on Monday.
In the international markets, spot silver was trading higher by USD 3.72, or 5.15 per cent, to USD 75.85 per ounce, while gold rose USD 69.61, or 1.61 per cent, to USD 4,401.59 per ounce.
Strong industrial demand and firm global prices boosted the white metal in local markets, marketmen said.
On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery soared by Rs 9,590, or 4.27 per cent, to Rs 2,34,019 per kilogram in a business turnover of
11,915 lots.
The white metal had skyrocketed by Rs 14,387, or 6 per cent, to touch a record high of Rs 2,54,174 per kilogram on Monday.