Silver prices surged to hit a record of Rs 3.59 lakh per kg in the futures trade on Tuesday, while gold touched a lifetime high of Rs 1.59 lakh per 10 grams, driven by robust investor demand amid persistent geopolitical and economic uncertainties.

On the Multi Commodity Exchange (MCX), silver for March delivery zoomed Rs 25,101, or 7.5 per cent, to touch a record of Rs 3,59,800 per kilogram. Last week, the white metal had registered a steeper rally, soaring by Rs 46,937, or 16.3 per cent, to breach the Rs 3 lakh per kilogram mark for the first time.