Silver rises ₹1,000 per kg to hit record high, likely to rally further

CONTINUING its upward momentum, silver prices surged by ₹1,000 to reach a fresh all-time high of ₹1,08,100 per kilogram in the national capital on Monday, according to the All India Sarafa Association.

- ARSHAD KHAN @ New Delhi

This follows a steady performance on Saturday, when the white metal traded flat at ₹1,07,100 per kg (inclusive of all taxes), after soaring by ₹3,000 to hit a previous record high of ₹1,07,100 per kg on Friday.

In the international market, spot silver rose by 0.9% to $36.30 per ounce. On the MCX, Silver prices were trading above 106,500 level on Monday.