Silver hits fresh record high of Rs 2.23/kg, gold not far behind. What’s driving safe-haven demand?

Gold and silver extended their record rally on Wednesday, with MCX silver hitting a fresh peak of ₹2,23,359/kg and gold opening higher at ₹1,38,247 per 10 grams. Prices remain supported by expectations of US rate cuts, geopolitical risks, and strong safe-haven demand, following gains in global and domestic markets.