India, Sept. 16 -- Silver prices surged Rs 291 to a lifetime high of Rs 1,29,720 per kilogram in the domestic futures market on Tuesday, driven by expectations of a US Federal Reserve rate cut and the possibility of an extended easing cycle into next year.
On the Multi Commodity Exchange, December silver futures rose 0.22% to Rs 1,29,720/kg, while March 2026 contracts gained Rs 270, reaching a new peak of Rs 1,31,135/kg. Rahul Kalantri, VP of Commodities at Mehta Equities Ltd., noted that the rally was fueled by safe-haven demand, geopolitical concerns, and strong investor interest.
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