Silver prices hit a lifetime high levels of Rs 97,100 in the local market on Wednesday, while gold prices rose Rs 250 in line with strong trends in the overseas markets, according to HDFC Securities. Continuing its winning run for the third straight session, silver soared Rs 1,150 to Rs 97,100 per kg. It had closed at Rs 95,950 per kg on Tuesday.
In the futures trade, silver also hit a lifetime peak of Rs 96,493 per kg on the Multi Commodity Exchange (MCX) on Wednesday.
In international markets, silver also traded higher at USD 32.05 per ounce. In the previous session, it ended at USD 31.50 per ounce. Spot silver prices have gained 35 per cent this year to date, reaching 12-year highs.
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