Silver Rate: Silver sets new record, price reaches Rs 1.30 lakh per kg

Silver Price Hits All-Time High at ₹1.30 Lakh Per Kg on MCX; Global Rally Fuels Momentum

Silver prices in India touched an unprecedented high on Friday, with strong gains recorded on the Multi Commodity Exchange (MCX). The March 2026 delivery contract surged by ₹1,668 to reach a record ₹1.30 lakh per kilogram, while the most actively traded December contract jumped ₹1,674 to settle at ₹1,28,612 per kilogram.

Silver Shines Globally

The rally was not limited to domestic markets. On the international front, December delivery silver on COMEX rose 1.52% to hit $42.79 per ounce, its highest level in nearly 14 years. Analysts attribute the surge to growing expectations of a US Federal Reserve interest rate cut in its upcoming September 17 meeting.

A majority of investors—around 93%—anticipate a 0.25% rate cut, while some experts are betting on a sharper 0.50% cut. Lower interest rates typically boost demand for precious metals like silver and gold, considered safe-haven assets during times of economic and geopolitical uncertainty.

Rising Industrial Demand

Apart from being a safe investment option, silver’s strong industrial demand is also pushing prices higher. Jigar Trivedi, Senior Research Analyst at Reliance Securities, highlighted that industries such as solar panels, electric vehicles, and electronics are increasingly dependent on silver. However, supply has not kept pace with this growing demand, leading to tighter market conditions.

Geopolitical Tensions Add Fuel

Ongoing geopolitical uncertainties worldwide have further accelerated safe-haven buying. With investors looking for secure assets amid global tensions, silver has become an attractive choice, outperforming many other investment options in 2025.

Expert Outlook: Silver Could Touch ₹1.50 Lakh/Kg

Market experts remain bullish about the metal’s future. According to Motilal Oswal Financial Services (MOFSL), silver prices in India could rise to ₹1.50 lakh per kilogram within the next 12 months. The firm expects prices to first touch ₹1.35 lakh in the next six months before hitting the ₹1.50 lakh milestone within a year.

So far in 2025, silver has delivered a 37% return on MCX, making it one of the best-performing investment assets compared to equities and other commodities.

Bottom Line

With industrial demand surging, global monetary policy shifts on the horizon, and persistent geopolitical uncertainties, silver is shining brighter than ever. Investors are keeping a close watch on the US Fed meeting on September 17, which may determine the next big move in silver prices.