Silver Makes History: Prices Cross ₹2.5 Lakh per Kg Before Year-End in India

Silver prices in India have reached a historic milestone, crossing ₹2.5 lakh per kg for the first time on MCX. With strong industrial demand and global supply concerns, both silver and gold are witnessing sharp gains — and experts believe the rally may not be over yet.

Silver Makes History: Price Crosses ₹2.50 Lakh per Kg Before Year-End

Silver Hits Record Levels in India

Just days before the year ends, silver prices have created history. For the first time, silver crossed ₹2.5 lakh per kilogram in the country’s futures market. The rally has been sharp — prices jumped by ₹14,400, pushing silver to a record level of ₹2,54,174 per kg.

At the same time, gold prices have also witnessed a rise. Gold once again crossed ₹1.40 lakh per 10 grams, with an increase of ₹570.

According to analysts, the surge is being driven by rising industrial demand, geopolitical tensions, and expectations of interest rate cuts by the U.S. Federal Reserve. Prices of copper and other industrial metals — which are by-products of silver mining — are also influencing silver’s rally.

Silver at Record Level

On Monday, silver touched an all-time high. For the first time, prices on the Multi Commodity Exchange (MCX) crossed the ₹2.5 lakh mark.

At 9:25 AM, silver was trading ₹11,778 higher at ₹2,51,565 per kg. During the session, prices surged further, trading ₹14,387 higher at ₹2,54,174 per kg.

Earlier in the day, silver opened at ₹2,47,194 per kg, while on Thursday it had closed at ₹2,39,787 per kg.

How Much Silver Has Risen in December

At the end of November, silver was trading at ₹1,74,981 per kg. This means prices have climbed by ₹79,193 per kg so far — delivering an impressive 45.28% return in December alone.

Year-to-date returns are even more dramatic. Last year’s final trading price was ₹87,233 per kg, meaning silver has delivered 191.37% return this year.

Big Surge in International Markets Too

On Comex, silver futures jumped over 4%, crossing $80.40 per ounce, a record high. Spot silver rose 1.41% to $80.39 per ounce.

In London and European markets, prices increased more than 1.25%, with silver trading at £59.46 per ounce in London and €68.25 per ounce in Europe.

Gold Prices Also Rise

Gold prices on MCX are also gaining momentum. At 9:35 AM, gold was trading ₹355 higher at ₹1,40,228 per 10 grams. During the session, it touched a high of ₹1,40,444 per 10 grams, rising ₹571.

However, experts note that gold has not delivered returns as spectacular as silver. Still, projections suggest gold could reach ₹1.50 lakh per 10 grams next year.

How High Can Silver Go?

Analysts believe silver prices could rise further due to global supply constraints.

They predict silver may reach:

• ₹2,75,000 per kg on MCX

• $80–$85 per ounce globally

China, the world’s largest silver consumer and a major producer of solar panels, electronics, and electric vehicles, has announced export restrictions starting January 1, 2026. Companies will need special licenses, and the restrictions are expected to continue until 2027, potentially tightening supply.

Experts also expect silver prices to stay supported by rate cuts, trade tensions, and industrial demand, keeping precious metals stable through 2026.