Silver drops 3.13% from record high of Rs 2 lakh; check city prices

• Silver prices slipped 3.13% from a record high of Rs 2 lakh, opening at Rs 1,95,298 per kilo on MCX.
• Internationally, spot silver traded lower at $62 an ounce in December.
• Rising silver prices are attributed to tightening stocks, strong industrial demand, and its inclusion on the US key minerals list.
• Demand is robust in solar, electric vehicle, and data center sectors, with strong ETF inflows and retail buying.
• City-wise silver prices show marginal differences due to local taxes, jeweller margins, and logistics costs.

Why It Matters: Silver's price dip from record highs signals market shifts for investors.