Silver breaches ₹4 LAKH for the first time ever

• Gold, silver futures hit record highs.
• Rupee weakness, global prices climb.
• Industrial demand, safe-haven buying boost metals.

Gold and silver futures rose sharply by 6% in early trading on Thursday, hitting record highs, as global prices climbed and the rupee weakened to near

its lowest level. Gold futures touched a record Rs 1,75,869 per 10 grams, while silver futures surged to an all-time high of Rs 4,07,456 per kg. On the Multi Commodity Exchange (MCX), silver futures for March delivery rose by Rs 22,090 (5.7%) to reach a record Rs 4,07,456 per kilogram. Gold futures for February delivery also jumped by Rs 14,586 (8.8%), hitting a new high of Rs 1,80,501 per 10 grams on the MCX. In the international market, gold futures on Comex crossed USD 5,600 per ounce for the first time, rising USD 286.6 (5.4%) to USD 5,626.8 per ounce. Silver futures on Comex also climbed, reaching a new record of USD 119.51 per ounce. Meanwhile, physical silver stood at Rs 410,000 per kg, as per Goodreturns data. Gold, meanwhile, stood at Rs 16709 per gram. Check the city-wise rate of gold and silver below:

Gold Rate Across Major Cities Per Gram

City	24K Gold	22K Gold	18K Gold
Chennai	17,030	15,611	13,026
Mumbai	16,709	15,316	12,532
Delhi	16,724	15,331	12,547
Kolkata	16,709	15,316	12,532
Bengaluru	16,709	15,316	12,532
Hyderabad	16,709	15,316	12,532
Kerala	16,709	15,316	12,532
Pune	16,709	15,316	12,532
Vadodara	16,714	15,321	12,537
Ahmedabad	16,714	15,321	12,537
Jaipur	16,724	15,331	12,547
Lucknow	16,724	15,331	12,547
Coimbatore	17,030	15,611	13,026
Madurai	17,030	15,611	13,026
Vijayawada	16,709	15,316	12,532
Patna	16,714	15,321	12,537
Nagpur	16,709	15,316	12,532
Chandigarh	16,724	15,331	12,547
Surat	16,714	15,321	12,537
Bhubaneswar	16,709	15,316	12,532

Gold Rates Today Across Major Indian Cities

City	10 Gram	100 Gram	1 Kg
Chennai	₹4,250	₹42,500	₹4,25,000
Mumbai	₹4,100	₹41,000	₹4,10,000
Delhi	₹4,100	₹41,000	₹4,10,000
Kolkata	₹4,100	₹41,000	₹4,10,000
Bengaluru	₹4,100	₹41,000	₹4,10,000
Hyderabad	₹4,250	₹42,500	₹4,25,000
Kerala	₹4,250	₹42,500	₹4,25,000
Pune	₹4,100	₹41,000	₹4,10,000
Vadodara	₹4,100	₹41,000	₹4,10,000
Ahmedabad	₹4,100	₹41,000	₹4,10,000

Analysts said strong industrial demand for silver and a weak US dollar are boosting the metal, which has been rising faster than gold recently. They added that ongoing safe-haven buying by traders, due to economic uncertainty and rising geopolitical tensions, is also pushing bullion prices higher.