Gold and silver prices surged to record levels in futures trading on Friday, supported by a weaker US dollar and rising expectations of an interest rate cut by the Federal Reserve, coupled with strong gains in international markets.
On the Multi Commodity Exchange (MCX), silver contracts for March delivery jumped sharply by ₹12,638, an increase of nearly 4 percent, taking the metal to a new high of ₹3,39,927 per kilogram.
The rally reflects global investors’ growing appetite for safe-haven assets amid expectations of looser monetary policy and continued market volatility.
Gold futures also climbed to unprecedented levels, mirroring international trends and boosting overall investor sentiment in the precious metals segment.
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