This year, silver prices have risen Rs 1,65,500, or 69.2 per cent, from Rs 2,39,000 per kg recorded at the end of last year.
Rising for the fifth consecutive day on MCX, silver futures for March 2026 delivery zoomed by Rs 18,210, or 8.14 per cent, to touch a new record of Rs 2,42,000 per kilogram, before settling at Rs 2,39,787 per kg on Friday.
With the upcoming holiday week likely to see thinner trading volumes, price action may be subdued.
Gold and silver continue to rise as recent data indicates a gradual cooling of the US economy, combined with dovish signals from Fed policymakers, has bolstered market, says Augmont Bullion report.