Silver hits a new high of Rs 2.23 lakh/kg, gold not far behind. What drives the demand for safe havens?

Gold and silver prices continued their record rise on Wednesday. Silver futures on the MCX rose to their new high of Rs 2,23,359/kg before falling slightly to Rs 2,22,500 per kilogram.Further, gold futures opened higher by Rs 362 or 0.26% at Rs 1,38,247/10 gram. Precious metals extended their upward momentum against the backdrop of rising […]

UTI AMC stops new investments in Silver ETF Fund of Fund due to domestic shortage

UTI Asset Management Company has temporarily suspended new lump sum and switch-in investments in its UTI Silver ETF Fund of Fund from October 13, 2025, citing prevailing market conditions and shortage of physical silver in India. | Photo credit: istock.com UTI Asset Management Company has temporarily suspended new lump sum and switch-in investments in the […]