Silver rate jumps more than 4% on MCX, touches ₹2.8 lakh— Is it the right time to buy the white metal?
Silver rate on the MCX jumped more than 4% in intraday trade on Tuesday, March 10, supported by healthy spot demand, dollar’s weakness, and persisting geopolitical risks. MCX silver May futures rose by more than ₹11,000, or over 4%, to ₹Rs 2,78,339 per kg. Silver prices have been volatile this year. Nevertheless, the white metal…