Silver Price Hits All-time High, Crosses Rs 1.10 Lakh; Here's Why

SUMMARY

Silver prices successful India person soared to unprecedented levels, pinch nan Multi Commodity Exchange (MCX) signaling rates surpassing Rs 1.10 lakh per kilogram connected Friday. In nan spot market, metallic is trading astatine ₹109.90 per gram, balanced to ₹1,09,900 per kilogram, according to information from Goodreturns. The rally is driven by caller buying activity from traders, arsenic noted by Rahul Kalantri, Vice President of Commodities astatine Mehta Equities. He stated, "Investors are seeking information amid caller tariff threats and argumentation risks from nan US President’s steep import tariffs and calls for heavy complaint cuts are stoking ostentation fears. Silver has support astatine $36.85-36.60 while guidance is astatine $37.40-37.55. In INR, metallic has support astatine Rs 1,08,480-1,07,550 while guidance astatine Rs 1,09,950-1,10,700."

The value of metallic successful India typically aligns pinch world rates and is influenced by nan rupee-dollar speech rate. A weakening rupee against a unchangeable dollar value tin consequence successful higher costs for Indian buyers. Aksha Kamboj, Vice President of nan India Bullion and Jewellers Association, commented connected nan business by saying, "Trade tensions and caller tariff threats person unsettled consequence assets. Some investors are moving to safe-haven assets for illustration golden and silver." On nan MCX, metallic is showing support astatine ₹1,08,480 per kg, pinch guidance astatine ₹1,10,700 per kg, according to Kalantri.

Globally, spot metallic witnessed a 0.4% increase, reaching $37.17 per ounce, arsenic per a Reuters report. This emergence is concurrent pinch nan observed value movements successful India. Kalantri reiterated, "Investors are seeking information amid caller tariff threats and argumentation risks from nan US President’s steep import tariffs and calls for heavy complaint cuts are stoking ostentation fears." Spot traders are anticipating further value increases if world metallic prices stay patient and nan rupee continues to weaken.

Published on: Jul 11, 2025 4:02 PM IST