Silver price hits 6% upper circuit to ₹2.95 lk as India hikes import duty amid West Asia tensions, sticky US inflation

Silver prices surged on May 13 due to India’s hike in import duties on precious metals. MCX silver hit ₹2,95,805 per kg and gold reached ₹1,62,648 per 10 grams, reflecting strong global support amid inflation and geopolitical tensions.