MCX Silver Prices Soar Rs 2,270 in a Single Day

Silver prices surged on the Multi Commodity Exchange (MCX) on Monday, reaching Rs 2.38 lakh per kg after a gain of Rs 2,270 or 0.96 percent.

The increase in silver prices was largely due to investors and traders creating new positions, while international market trends also provided support to prices.

Metal analysts noted that the rise in silver prices was linked to the creation of new positions by traders and investors, who are closely tracking global economic developments and currency movements.