Silver Soars to Record ₹2.42 Lakh/Kg; 15% Weekly Surge Fuels Market Frenzy

• Silver prices hit a new record of ₹2.42 lakh per kg, marking a 15% increase in the futures market last week.
• Strong industrial demand, expectations of US interest rate cuts, and supply concerns are driving the surge.
• March 2026 delivery futures briefly touched ₹2,42,000 per kg, closing at ₹2,39,787 per kg.
• Annual returns for 2025 are nearly 175%, with prices rising from ₹87,233 to ₹2,42,000 per kg since December 31, 2024.
• Global Comex silver also surged past $79 per ounce, with experts predicting $100 per ounce by 2026 due to industrial demand.

Why It Matters: Silver prices reached a new high of ₹2.42 lakh/kg, driven by industrial demand and rate cut expectations.