Silver Price Crosses ₹2 Lakh/kg on MCX, Hits All-Time High Globally

• Domestic silver prices hit a record ₹2,00,000 per kg on MCX, with international prices reaching $64.32 per ounce on COMEX.
• The price surge is attributed to a weak dollar, anticipated interest rate cuts, a persistent global supply deficit, and record industrial demand from green and tech sectors.
• Rupee depreciation, customs duties, GST, and safe-haven demand also contribute to the rally, making silver a dual-nature asset.
• While a positive outlook for 1-2 years is expected, high volatility and potential corrections of 15-25% are warned, advising investors to adopt long-term, cautious strategies.

Why It Matters: Record silver prices reflect global shifts, impacting investments and future market volatility.