Silver, gold hit lifetime highs on weak dollar, Fed rate easing hopes
New Delhi, Jan 23 (PTI) Gold and silver prices rallied on Friday to hit fresh lifetime highs in the futures trade, tracking record gains in international markets amid a weakening US dollar and rising expectations of interest rate cuts by the Federal Reserve. On the Multi Commodity Exchange (MCX), the March contract of silver soared by Rs 12,638, or nearly 4 per cent, to scale a new peak of Rs 3,39,927 per kg. Silver futures in the previous session on Wednesday had touched a record high of Rs 3,35,521 per kg. Gold also scaled a fresh lifetime high, advancing for