Silver reaches new all-time high of Rs 1,90,374/kg; will gold follow suit?

Bullion started Wednesday on a strong note, with silver futures hitting a record Rs 1,90,374/kg and gold trading above Rs 1.30 lakh/10 grams. Globally, silver extended gains after crossing $60/oz for the first time, reaching $61.4797/oz, driven by speculative bets that the US Federal Reserve will announce a 25-bps rate cut at its Dec. 9–10 meeting.