Silver Futures Surge Past Rs 2.5 Lakh; Geopolitical Tensions Fuel Rally

• Silver futures on MCX opened at Rs 2,50,801 per 1 kilogram of 999 purity, up 1.08% from its previous close.
• Spot silver price reached $78.74 per ounce, gaining 2.78% in a day and 2.90% in a week.
• Geopolitical tensions, including US-Venezuela, US-Iran, and Russia-Ukraine conflicts, are driving silver's appeal as a safe-haven investment.
• Augmont Bullion report suggests silver could extend its rally towards $88.60, $99, and $107 in coming months, with strong support at $64.
• City-wise prices show Mumbai, Delhi, Kolkata at Rs 2,48,100/kg, while Chennai is Rs 2,66,100/kg.

Why It Matters: Silver prices are surging due to geopolitical instability, making it a preferred safe-haven asset with potential for further gains.