Silver Crosses Rs 1.09 Lakh per Kg-Mark for First Time Ever

By Sheetal Kumari | March 3, 2025

MC Desk | June 17, 2025

Silver Crosses Rs 1.09 Lakh per Kg-Mark 

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Silver futures with August expiry on MCX hit an all-time high of Rs 1,09,250 per kg on June 17, while September contracts surged to Rs 1,10,420 per kg.

Silver Soars to New Record

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July silver contracts rose over 2%, breaching the Rs 1.09 lakh per kg mark for the first time in history.

July Contracts Jump 2%

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Silver prices have jumped nearly 24% from their all-time low of Rs 88,050 per kg.

Massive Rally from Lows

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Spot silver averaged Rs 1,10,000 per kg in Indian markets, according to Investorgain data.

Domestic Prices Rise Too

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Market expectations of a rate cut by the US Federal Reserve this week have fuelled the rally.

US Fed Rate Cut Hopes Drive Surge

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Rising Middle East tensions and rupee weakness have further boosted investor demand for silver.

Geopolitical Tensions Add to Rally

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“Gold and silver may remain volatile due to dollar index and geopolitical risks,” said Manoj Kumar Jain of Prithvi Finmart.

Expert View

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Moneycontrol advises users to check with certified experts before taking any investment decisions.

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