New Delhi, Dec. 24 -- Silver rate today extended its record-breaking rally on Wednesday, December 24, touching yet another all-time high after gold prices scaled another peak, crossing the $4,500-an-ounce mark for the first time. The surge has been driven by rising tensions in Venezuela, a weaker dollar and expectations that the US Federal Reserve could deliver further interest-rate cuts. Another precious metal, Platinum also climbed to fresh lifetime highs during the session.

Spot silver, which moved past $70 an ounce for the first time on Tuesday, gained another 0.7% to hit a new record of $71.9175. Spot gold rose as much as 0.8% to $4,513.87, extending a three-day rally, while palladium jumped more than 3% to $2,365.72.

In the domest...