Silver prices witnessed their sharpest rise in nearly two months, jumping by on Wednesday to reach a new all-time high of in the national capital. The surge came amid strong global cues and continued domestic buying.

As per the , silver had closed at on Tuesday, before soaring to its fresh peak a day later.

With Wednesday’s jump, silver has gained a massive , or , so far this year, compared to its price of on December 31, 2024.

The last major single-day jump was on , when prices had risen by to touch .

Gold prices also inched higher. The rate of increased by to on Wednesday, up from the previous close of .

According to , gold saw modest gains supported by a weaker US dollar and expectations of an interest rate cut by the US Federal Reserve. Geopolitical tensions also helped lift deman

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