Silver Hits Record High: Rs 2.24 Lakh/kg in Chennai, Up Rs 12,000 Today!

• Silver prices soared to a record high of Rs 2,24,000 per kilogram in Chennai on Thursday, with Delhi reaching Rs 2,11,000.
• The price increased by Rs 12,000 today, driven by global physical supply shortages and robust investment and industrial demand.
• Experts cite safe-haven demand, Silver ETF investments, and anticipated US Federal Reserve interest rate cuts as key factors.
• Concerns over a potential China export ban from 2026 and increasing industrial use in green energy, especially solar power, are also fueling the surge.
• Silver outperformed gold in 2025, returning over 120%, and the market faces a widening demand-supply deficit since 2021.

Why It Matters: Silver prices hit record highs due to strong demand, limited supply, and global economic factors.