New Delhi, March 10 -- Silver rate on the MCX jumped more than 4% in intraday trade on Tuesday, March 10, supported by healthy spot demand, dollar's weakness, and persisting geopolitical risks.

MCX silver May futures rose by more than Rs.11,000, or over 4%, to Rs.2,78,339 per kg.

Silver prices have been volatile this year. Nevertheless, the white metal has gained more than Rs.42,000, or 18%, this year so far in the spot market after a stellar gain of over 165% in 2025.

Gold and silver rates are in structural bull phases, though their key drivers differ slightly.

Gold is driven by safe-haven demand amid geopolitical tensions and geoeconomic uncertainties, central bank buying, and expectations around interest rate cuts.

On the other ha...