Silver prices in the domestic market soared to an all-time high of Rs 1,53,388 on Thursday, marking a historic milestone for the white metal with a 0.45 per cent rise.

In the international market as well, spot silver hit record $ 51 per ounce, reflecting strong global demand and bullish sentiment.

According to data from the Multi Commodity Exchange (MCX), this remarkable jump came after silver was trading around Rs 1,49,924 , before rallying sharply to its new peak.

Add Zee Business as a Preferred Source

"The metal has gained more than 70 per cent this year, outpacing gold which is running around Rs 123677. The white metal is supported by tight supplies and soaring borrowing costs in the London market. Demand from renewable energy sectors such as solar and wind continues to reinforce

See Full Page