New Delhi, Dec. 26 -- The stupendous rally in silver prices this year has single-handedly outshone the returns of all other asset class. The white metal surged to a fresh high in international and domestic markets on Friday, December 26, with no signs of a slowdown in its rally.
Silver prices jumped nearly 5% and crossed $75 per mark for the first time as expectations for more US rate cuts and rising geopolitical tensions powered precious metals. Back home, silver futures on MCX rose 4% to a record high above Rs.2,33,000 per kilogram.
Silver has delivered positive returns to its investors for the past four consecutive years, and this year's momentum has been influenced by multiple fundamental drivers.
The first and foremost factor behi...
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