By Admin 
Silver Price: There was a strong rise in silver prices in futures trading on Friday and it jumped by Rs 8,951 to reach a new record high of Rs 2,32,741 per kg. This has been the fifth consecutive trading session when silver has strengthened in the futures market. This rise in prices came due to the price of silver crossing the level of $ 75 per ounce in the international market.
Silver futures for March 2026 delivery on the Multi Commodity Exchange (MCX) registered a rise of nearly four percent, taking it to an all-time high. Since December 18, the prices of silver have increased by a total of Rs 29,176 i.e. about 14.33 percent.
continuously rising price of silver
Similarly, gold prices in the commodity market also created a new history and crossed the level of Rs 1.39 lakh per 10 grams for the first time. With the rise in the fourth consecutive trading session, the price of gold for February delivery increased by Rs 1,119, or 0.81 percent, to reach a new high of Rs 1,39,216 per 10 grams. Domestic commodity markets were closed on Thursday on the occasion of Christmas, but the impact of gold and silver reaching record levels in international markets was clearly visible on domestic bullion prices.
A huge rise in gold and silver was also recorded in the international market. The futures price of gold for February delivery on Comex rose by $ 58.8, or 1.3 percent, to a new peak of $ 4,561.6 an ounce. According to Jigar Trivedi, senior research analyst at Reliance Securities, gold prices rose to around $ 4,500 an ounce on Friday and for some time during the session it also remained at an all-time high of $ 4,530 an ounce. He said that due to increasing geopolitical tensions and expectations of interest rate cuts by the US Federal Reserve, the demand for gold as a safe investment has increased, which supported the prices.
What will happen next?
Talking about silver, silver futures for March delivery on Comex registered a rise for the fifth consecutive day and it jumped by $ 3.81 or 5.31 percent to reach a new record level of $ 75.49 an ounce. Earlier on Wednesday, silver had closed at $ 71.68 an ounce. Overall, due to global uncertainty, increasing demand for safe investments and strength in international markets, both gold and silver have reached new record levels.