Gold, Silver Prices Soar; Silver Hits Record High

• Gold and silver prices experienced a significant surge in Hyderabad on December 12, with silver reaching an all-time high.
• 24-carat gold in Hyderabad increased by Rs 1,910 per 10 grams to Rs 1,32,660, while 22-carat gold rose by Rs 1,750 per 10 grams to Rs 1,21,600.
• Silver prices in Hyderabad jumped by Rs 6,000 per kg to Rs 2,15,000, setting a new all-time record and increasing by Rs 19,000 in five days.
• On the Multi Commodity Exchange (MCX), gold February futures decreased by 0.09%, and silver March futures fell by 0.70%, contrasting physical market trends.
• Market experts link the price fluctuations to the Federal Reserve's 0.25% interest rate cut, with international rates, import duties, and exchange rates also impacting Indian prices.

Why It Matters: Gold and silver prices hit all-time highs, significantly affecting buyers.