New Delhi, Jan. 13 -- Silver prices in India extended rally to hit fresh record high on Tuesday amid volatility in international white metal prices. Spot silver price hit an all-time high of $86.22 in the previous session.

On Tuesday, silver price on Multi Commodity Exchange of India (MCX) opened higher at Rs.2,69,701 per kg as against its previous close of Rs.2,68,970 level. It surged 1.20% to a record high of Rs.2,72,202 level. MCX silver price was trading higher by Rs.1,577, or 0.59%, at Rs.2,70,547 per kg. Silver prices jumped more than 6% in the last session.

The rally in bullion prices came amid escalation of global geopolitical tensions and the Trump administration opening a criminal investigation into Federal Reserve Chair Jerom...