Silver rate today: Silver prices scaled an all-time high on Monday, extending its rally after gold touched record levels, as growing expectations of further US interest rate cuts and sustained safe-haven demand lifted precious metals across the board.

On the Multi Commodity Exchange (MCX), silver March futures rose 2.39% to trade at ₹2,13,412 per kg around 9:15 am, after hitting a fresh lifetime high of ₹2,13,844 per kg earlier in the session. Gold prices also remained firm, with MCX gold February futures up 0.77% at ₹1,35,224 per 10 grams.

In the international market, spot silver climbed 2.7% by 03:44 GMT to touch a historic high of USD 69.23 per ounce. Spot gold gained 1.2% to scale a new record of USD 4,391.92 per ounce.

The rally extended to other precious metals as well. Platinum jumped 4.1% to USD 2,054.25, marking its highest level in over 17 years, while palladium advanced 4% to USD 1,781.32, hitting a near three-year high.

Silver has surged 138% on a year-to-date basis, significantly outperforming gold. The sharp rise has been supported by strong investment inflows and ongoing supply constraints, which continue to tighten the market even as demand remains robust.