Silver soars Rs 5,100 to new peak of Rs 1.99 lakh/kg in Delhi markets

• Silver prices surged by Rs 5,100 to a new peak of Rs 1,99,500 per kilogram in Delhi markets.
• Gold also appreciated by Rs 1,110, reaching Rs 1,33,600 per 10 grams in the local bullion market.
• The price increases are attributed to sustained global demand for safe-haven assets, a weakening rupee, and investment demand.
• International spot gold rose by USD 58.61 to USD 4,338.40/ounce, while spot silver hit USD 64.57/ounce.
• A 25 basis points rate cut by the US Federal Reserve and a "physical squeeze" from Asian buyers are also driving the gains.

Why It Matters: Soaring silver and gold prices affect investments and reflect economic shifts.