New Delhi, September 12 — Silver prices soared to an unprecedented ₹1.3 lakh per kilogram in the domestic market, marking a ₹1,668 jump in futures trading. The rally comes amid strong global cues and heightened expectations of an interest rate cut by the US Federal Reserve, which has fueled investor appetite for precious metals.
On the Multi Commodity Exchange, silver contracts for December delivery surged past ₹1.28 lakh, while March futures breached the ₹1.3 lakh mark. Internationally, silver touched USD 42.79 per ounce, its highest level in over a decade.
Analysts say the surge reflects a mix of safe-haven buying, robust industrial demand, and tightening supply. With silver outperforming gold in recent quarters, traders are now eyeing further upside, though cautioning against short-term volatility.
The sharp rise underscores silver’s growing appeal as both an investment and industrial asset, especially as global monetary policy pivots toward easing.
