Silver rate today, Jan. 29 -- Silver price today surged sharply to cross Rs.4 lakh mark on Thursday, January 29 after rising another 4%, as escalating geopolitical tensions and supportive global cues boosted demand for safe-haven assets.

On MCX Silver jumped 4% to hit another new high of Rs.4,00,780.

The rally came amid reports of former US President Donald Trump threatening military action against Iran, alongside a firm US Federal Reserve policy stance and a softer dollar, all of which supported precious metals. On the policy front, the US Federal Reserve kept interest rates unchanged on Wednesday, in line with market expectations. Fed Chair Jerome Powell said inflation in December was still likely well above the central bank's 2% targ...