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This year, silver prices have risen Rs 1,65,500, or 69.2 per cent, from Rs 2,39,000 per kg recorded at the end of last year.
MCX said it will increase the strike price interval for silver and silver mini options to Rs 1,000 from Rs 250 from January 29, 2026, with the changes applicable to both existing and new contracts.
A sharp rally in silver prices, coupled with a surge in imports, has fuelled expectations of a possible import duty hike in the upcoming Budget, driving futures to record highs and widening premiums on the MCX.
Rising for the fifth consecutive day on MCX, silver futures for March 2026 delivery zoomed by Rs 18,210, or 8.14 per cent, to touch a new record of Rs 2,42,000 per kilogram, before settling at Rs 2,39,787 per kg on Friday.
Gold prices have inched up on strong wedding-season demand, while silver has slipped 1.94 percent.
Gold and silver price in the domestic market tick up.
Gold and silver prices vary across states and cities. These precious metals continue to maintain its safe-haven appeal across households, investments, and industries.
Silver rates vary across states and cities. The white metal continues to maintain its safe-haven appeal due to its multipurpose role and usages across households, investments, and industries.
Food creator Nalini’s viral post comparing silver prices in two cities highlights how wide regional gaps — and sharp public curiosity — are reshaping conversations around precious metal pricing.
Silver ETFs are designed to mirror the price of physical silver. But when investor demand overwhelms supply -- as it has this week -- ETFs can start trading at significant premiums to their net asset values (NAVs).
Market experts said expectations of monetary easing, coupled with geopolitical and trade-related risks, are likely to keep gold and silver prices elevated in the near term.
Silver is once again making headlines, driven by explosive industrial demand and investor demand. But should you take the plunge?
Gold's rally to successive record highs shows every sign of continuing in the second half of 2024, as the fundamental case for bullion remains firmly in place
In the previous trade, the precious metal had closed at Rs 66,250 per 10 grams.
Gold surged to a new high on March 6, continuing its impressive growth primarily due to expectations of monetary easing in the United States
Silver prices trade at a two-month high. Markets price in US Fed rate cuts in June. Support from Industrial metals, rising global equities. Global Silver industrial demand estimate for 2024. Catch Manisha Gupta in conversation with Renisha Chainani - Head of Research - Augmont gold as they discuss different ways to invest in Silver. Watch to know more
In the Indian market, the price of one krona of silver in Delhi and Mumbai is currently Rs 74,000, while the price of silver in Chennai is Rs 77,000.
On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 225 or 0.32 per cent to Rs 71,043 per kg in a business turnover of 18,315 lots.
In the previous trade, the precious metal had ended at Rs 60,380 per 10 grams.
In the previous trade, the precious metal had closed at Rs 54,421 per 10 gram.
Catch today's commodity chat with Manisha Gupta to know how price surge could impact you!
In the international market, gold was trading higher at USD 1,642 per ounce while silver was up at USD 18.57 per ounce.
Silver also jumped Rs 448 to Rs 55,682 per kg from Rs 55,234 per kg in the previous trade.
In the previous trade, the precious metal settled at Rs 48,647 per 10 grams.
The broader range on COMEX could be between $1715 - $1765 and on the domestic front, prices could hover in the range of Rs 44,700 - Rs 45,350, said Damani.
