Silver Hits Record $90/Ounce Globally, MCX Jumps 5% Amid Rate Cut Hopes, Geopolitical Tensions

• Global silver spot prices surged past $90 per ounce for the first time, reaching $90.95, a 4.6% increase.
• The rally is driven by expectations of US Federal Reserve interest rate cuts due to weak US inflation data.
• Geopolitical tensions, including unrest in Iran and the Russia-Ukraine conflict, along with strong industrial demand, are also fueling the price hike.
• In the domestic market, MCX silver futures for March delivery jumped 4.6% to 287,990 rupees per kilogram on January 14.
• Delhi's bullion market saw silver hit a record 271,000 rupees per kilogram on January 13, with a 13.4% increase so far in 2026.

Why It Matters: Silver prices soared globally and domestically to record highs, fueled by rate cut hopes and geopolitical instability.