India, Dec. 10 -- Silver prices rose to an all-time high in India on Wednesday on strong investor demand and expectations of an interest rate cut by the US Federal Reserve.
Silver futures for March delivery jumped Rs.3,736/kg, or 1.98%, to Rs.1,91,800/kg on the Multi Commodity Exchange. The white metal had soared by Rs.6,923/kg, or 3.80%, to Rs.1,88,665 per kg in the previous session on supply constraints.
Gold futures for February delivery rose by Rs.173, or 0.13%, to Rs.1,30,280 per 10 grams. Global central banks continue to be net buyers of gold, with China increasing its reserves for the 13th consecutive month to about 74.12 million troy ounces.
"The market is anticipating a US Fed rate cut later in the day, as well as firmer signa...
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