Silver prices soared Rs 6,000 on Tuesday to touch a lifetime high of Rs 1,85,000 per kilogram (inclusive of all taxes), extending their winning streak to the fifth straight session, according to trade data.The white metal had closed at Rs 1,79,000 per kg in the previous session. Traders attributed the sharp rally to strong festive and wedding season demand from jewellers and retailers, as well as a weaker rupee, which slipped 12 paise to revisit its all-time low of 88.80 against the US dollar, PTI reported.Bullion dealers said heightened retail buying ahead of Dhanteras and Diwali has lifted sentiment across precious metals, with both gold and silver hitting record highs in domestic markets.In global trade, spot silver retreated after briefly touching an all-time high of $53.54 per ounce, and was last quoting 1.92 per cent lower at $51.36 per ounce. Spot gold, too, eased from record levels but remained firm, trading 0.72 per cent higher at $4,140.34 per ounce after earlier scaling an all-time high of $4,179.71 per ounce.Meanwhile, On Tuesday, gold prices surged by Rs 2,850, crossing the Rs 1.3 lakh per 10 grams mark in the national capital for the first time, driven by robust festive buying by jewellers and retailers ahead of Dhanteras.As per the All India Sarafa Association, 99.9 per cent purity gold climbed to a record Rs 1,30,800 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,27,950. Similarly, 99.5 per cent purity gold advanced to Rs 1,30,200 per 10 grams, up from Rs 1,27,350 per 10 grams.

JPMorgan is hiring as part of its ambitious $1.5 trillion US “resiliency” plan, CEO Jamie Dimon announced on Monday.The bank is looking for financial specialists in defence, energy, artificial intelligence, and advanced manufacturing to help build an investment team. This team will deploy $10 billion in capital before the bank involves its bankers.“If you think you’re the right person, just give us a call,” Dimon told reporters, inviting interested professionals to join the initiative. He added that the bank wants to hire a “top-notch investment team” to invest the $10 billion in companies that can give the US an edge over its competitors.“We’re very focused on people,” the CEO said, as quoted by Business Insider.The plan, called the security and resiliency Initiative, aims to strengthen US security, innovation, and infrastructure using private sector funding rather than relying on government agencies. To achieve this, JPMorgan will prioritise hiring experts in four key areas: defence and aerospace, frontier technologies like AI and quantum computing, energy independence, and advanced manufacturing and supply chains.The hirings are a part of a wider initiative worth $1.5 trillion. As part of the 10-year plan, the bank will invest up to $10 billion in companies across defence, energy, manufacturing, and emerging technologies.To fulfil the mission requirements, the bank is set to hire more experts. These include bankers, investment professionals and others. An external advisory council, including public- and private-sector leaders, will provide guidance. Mary Erdoes, CEO of asset and wealth management, and Doug Petno, Co-CEO of commercial and investment banking, will oversee the programme. Both are also considered potential successors to Dimon.JPMorgan CEO Jamie Dimon said the initiative is entirely a bank-led effort and not driven by the Trump administration. “This is a JPMorgan initiative…100% commercial,” he told journalists, responding to repeated questions about government involvement, as quoted by Reuters.Dimon noted that the US has become too reliant on foreign sources of critical minerals and essential products, which are vital for national security.“America needs more speed and investment,” he added, calling for policy reforms to tackle regulatory delays and workforce challenges.While the programme is commercial, JPMorgan is working closely with the US government. The bank helped structure a deal with rare earths mining firm MP Materials and has held numerous calls and visits to Washington to explore similar opportunities. Andrew Castaldo, co-head of mid-cap mergers and acquisitions, said the bank has had “no less than 100 calls with clients” to discuss the MP transaction and other sectors.Four key areas of investmentThe bank’s strategy focuses on four main sectors: supply chain and manufacturing, defence and aerospace, energy independence, and frontier technologies. Within these areas, 27 sub-sectors have been identified, including shipbuilding, nuclear energy, nanomaterials, and secure communications. Both middle-market companies and large corporations will be eligible for investment.