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Silver surges Rs 6,000 to record Rs 1.63 lakh

Analysts say robust industrial demand, geopolitical, economic uncertainties spurred demand for white metal

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Silver prices surged by Rs 6,000 to hit a fresh record of Rs 1,63,000 per kg in the national capital on Thursday as the white metal touched the $50 per ounce level for the first time in the overseas markets.

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Analysts said robust industrial demand, geopolitical, economic uncertainties and growing expectations of interest rate cuts by the US Federal Reserve had spurred the demand for the white metal.

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