Silver Strikes a High: Price Surge Grabs Attention

Silver prices soared on Tuesday, with significant increases both on domestic exchanges and globally. Prices rose by Rs 852 on Multi Commodity Exchange as traders adjusted their strategies. Internationally, silver experienced a notable 1.10% increase, reflecting a strong market trend.

Silver prices skyrocketed on Tuesday, marking a significant surge in the market. Domestic exchanges reported an increase of Rs 852 per kilogram, reaching Rs 98,300 as traders adjusted their positions.

On the Multi Commodity Exchange, contracts for December delivery rose by 0.87%, reflecting a robust business turnover of 26,583 lots.

International markets mirrored this trend with silver trading 1.10% higher at USD 34.15 per ounce in New York, suggesting a bullish global outlook.

(With inputs from agencies.)