New Delhi: Silver prices hit a fresh record high of Rs 1,91,800 per kg in the futures trade on Wednesday on strong investor demand and expectations of an interest rate cut by the US Federal Reserve.

Rising for the second day, the most-traded March contract of the white metal jumped by Rs 3,736, or 1.98 per cent, to touch an all-time high of Rs 1,91,800 per kg on the Multi Commodity Exchange. The metal had soared by Rs 6,923, or 3.80 per cent, to hit a record of Rs 1,88,665 per kg in the previous session on supply constraints.

Meanwhile, gold futures for February delivery rose by Rs 173, or 0.13 per cent, to Rs 1,30,280 per 10 grams.

“Silver has reached a new high of Rs 1,91,000 per kilogram. Markets are anticipating a Federal Reserve interest rate cut later in the day, as well as firme

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