Silver rate today, Jan. 28 -- Silver rate today surged 6% on Wednesday, Janaury 28 to hit another record high, crossing 3.75 lakh/kg for the first time ever as the US dollar remained under pressure near multi-year lows, while investors stayed cautious ahead of the US Federal Reserve's policy decision and ongoing geopolitical uncertainties. Weakness in the greenback made dollar-denominated commodities more attractive, lending support to precious metals across the board.

MCX Silver price rallied 6% to a new peak of Rs.3,77,655.

In international markets, spot silver edged higher by around 0.6% to $113.63 an ounce, after touching a fresh all-time high of $117.69 earlier in the week. The white metal has already surged close to 60% so far thi...