Silver Prices Soar to All-Time High in India Amid Global Dip, Geopolitical Tensions

• Domestic silver prices on MCX hit an all-time high of Rs 3,59,950/kg on Tuesday, despite a global dip.
• Globally, silver fell 5.61% to $109 per ounce on Comex on January 27, after peaking at $117 per ounce.
• The surge is attributed to geopolitical tensions, particularly US-Iran relations, and continued industrial demand.
• Indian Bullion Jewellers Association (IBJA) reported silver at Rs 3,17,705/kg on January 23, a 6% gain.
• Experts suggest that dips in silver prices are likely to attract buying interest, indicating continued momentum.

Why It Matters: Indian silver prices reached a record high due to geopolitical factors and industrial demand, defying global dips.