Silver on MCX Crosses ₹3 Lakh/kg for First Time Amid Geopolitical Tensions

• Silver price on Multi-Commodity Exchange (MCX) surged past ₹3 lakh per kilogram, hitting a record high of ₹3,01,315.
• This historic rise is attributed to increasing geopolitical uncertainties and potential trade volatility.
• Donald Trump's threats of a 10% tariff on European countries opposing Greenland's accession to the US fueled demand for precious metals.
• CLSA's Laurence Balanco noted silver has surpassed its upside target, while gold is eyed for $5100-$5200.
• Other precious metals like gold, palladium, and platinum also saw significant price increases.

Why It Matters: Silver hits record ₹3 lakh/kg on MCX, driven by global geopolitical tensions and tariff threats.