Mumbai, Jan. 24 -- COMEX Silver futures surged to another record high, breaking above key $100 per ounce milestone, ending at $103 per ounce, up 7% on the day. While tensions owing to Greenland have abated a bit, the worries over Iran are supporting safe-haven demand impressively for the precious metals. Indian demand trends are broadly steady. India's Silver imports surged 90% on year to Rs 6828 crore in Dec-25. Silver has zoomed around 46% this month so far. MCX Silver futures closed flat at Rs 334600 per kg as local traders-maintained caution after a fall earlier this week and overall focus stayed on the upcoming Union Budget to get clarity on import duty hikes on precious metals.
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