Silver Skyrockets to ₹2.42 Lakh/kg, Driven by Industrial Demand & Rate Cut Hopes

• Silver prices surged over 15% last week, hitting a record ₹2.42 lakh per kilogram in the futures market.
• Strong industrial demand, US interest rate cut expectations, and supply concerns fueled the unprecedented rise.
• Global silver (COMEX) also soared over 11% to a record $79.70 per ounce in a single day.
• MCX March 2026 delivery recorded an 8.14% gain, reaching ₹2,42,000/kg before closing lower.
• Silver has delivered spectacular 175% returns since December 31, 2024, highlighting its growing value.

Why It Matters: Silver prices are soaring globally due to industrial demand and economic factors, yielding massive returns.