Ahmedabad: Silver prices surged to a fresh high of Rs 2.62 lakh per kg in the domestic bullion market on Tuesday, extending a sharp rally fuelled by heightened global geopolitical tensions and a weaker US dollar. The metal had closed at Rs 2.55 lakh per kg just a day earlier.Analysts said growing uncertainty over major conflict zones, coupled with concerns about global economic stability, has pushed investors towards safe-haven assets such as precious metals.“While gold has also remained firm, silver has outperformed in recent sessions, benefiting from both safe-haven demand and its dual role as an industrial metal used in electronics, solar panels and electric vehicles,” said Haresh Acharya, director, India Bullion and Jewellers’ Association (IBJA).
