Silver Prices Skyrocket: US-Venezuela Conflict Fuels Record Surge, Crosses ₹2.5 Lakh/kg

• Silver prices have shattered all previous records, crossing ₹2.5 lakh per kilogram.
• A staggering 14% increase in just 7 days has shocked customers and disrupted budgets.
• Prices reached ₹2,53,100/kg in Mumbai and Delhi, and ₹2,71,100/kg in Chennai, predicted to exceed ₹3 lakh.
• Global conflicts (US-Venezuela, Russia-Ukraine) drive investors to silver as a safe-haven asset.
• Increased industrial demand coupled with supply shortages also contributes to the unprecedented price hike.

Why It Matters: Global conflicts and demand-supply imbalance have driven silver prices to unprecedented record highs.