Fed cut fuels MCX silver to record Rs 1.93 lakh/kg, outperforming gold.

• Silver MCX price hit an all-time high of Rs 1,93,720 per kg, extending its record-breaking run.
• Silver futures surged by Rs 4,985 (2.64%) on MCX, with year-to-date gains of Rs 1.06 lakh (122.07%).
• The price increase for both silver and gold followed a 25 basis point interest rate cut by the US Federal Reserve.
• Silver's record high is attributed to strong global trends, booming industrial demand, tightening supply, and geopolitical uncertainty.
• Gold futures also appreciated on MCX and Comex, supported by the Fed's rate cut, a weaker US dollar, and safe-haven demand.

Why It Matters: Silver's record price surge signals major shifts in global markets and investments.