Elon Musk Silver: Concern Tesla and SpaceX CEO Elon Musk has expressed concern over the ongoing one-sided rise in silver and said that it is being used in many industrial processes. Musk said on the social media platform ‘X’ about the rise in silver prices, “This is not right. Silver is used in many industrial processes.”

The rise in silver has worried the entire industry, because silver is being used in large quantities in electronics equipment, solar and many other products like EV etc.

silver price on mcx

One user wrote on social media, “I tried to warn you all. You know it’s bad when Elon Musk is worried about the price of silver rising too high.” There is a huge rise in silver prices.

Internationally, the price of silver is at $75 per ounce. Even in the domestic market, silver prices remain at the highest level and reached Rs 2,54,174 per kg intraday on MCX.

What do the experts say?

Analysts said that due to investment demand, reduction in supply and increasing industrial demand, the rise of silver has left behind most of the assets including gold and major stocks. He told that silver does not have large reserves like gold.

Additionally, low trading volumes during holidays further increased the sharp price fluctuations. Industrial uses of silver such as solar panels, electric vehicles and data centers have reduced inventories.

Silver has given excellent returns of about 158 ​​percent on an annual basis in 2025, but a recent report by Axis Mutual Fund has warned that due to overvaluation, money can be withdrawn from ETFs or the fall in copper prices can also affect silver prices.

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Silver Price Surge Impact: There has been a tremendous rise in the prices of silver for the last few days. Recently, silver prices had crossed the record price of Rs 2 lakh. Due to this surge in silver prices, the shares of the country’s famous businessman Anil Agarwal’s Hindustan Zinc Company are also flying like a rocket.

Due to which his wealth has increased significantly. Let us know how the company’s shares are doing in the market…

There was a surge in shares

Talking about the company shares, in the last six trading days, there has been a strong rise in the shares of Hindustan Zinc and the price has increased by about 15 percent. Due to this rise, the market cap of the company has increased by approximately Rs 32,000 crore.

At the same time, since the beginning of the year 2025 till now, the company shares have given returns of more than 28 percent to the investors. Due to which the company has become one of the best performing stocks in the metal sector.
Silver boom made rich

Recently, there has been a tremendous rise in the prices of silver in the domestic futures market. Recently, silver on MCX had gone above Rs 2 lakh (per kg). Anil Aggarwal’s Hindustan Zinc Company is among the world’s largest silver producing companies. Whose direct impact has been seen on the company’s shares and company’s market cap.

Zinc business also increased the company’s hold

The company is among the world’s lowest cost producers of zinc along with silver, giving it a strong position globally. The company is directly benefiting from lower production costs and better prices in the market. There is also a strong demand for silver at the global level. Due to increasing industrial demand for silver, its prices are also skyrocketing.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Gold Price Today: There is a slight rise in gold prices in the domestic futures market on Monday, November 3. Gold futures with expiry of December 5 on Multi Commodity Exchange (MCX) opened at Rs 1,21,435 (per 10 grams) on Monday. On its last trading day, gold on MCX had closed trading at Rs 1,21,854.

At 9:55 am on November 3, gold with expiry of December 5 was trading at Rs 1,21,620 on MCX. Which shows a jump of about Rs 388 from the previous day’s closing price. MCX Gold had reached a high level of Rs 1,21,854 in early trade.

At the same time, there is a rise in silver prices on MCX on Monday. Till the time of writing the news, silver was trading at Rs 1,49,078 per kg on MCX. At the beginning of the trading day, silver opened at Rs 1,48,791.

Gold price in your city (as per good returns)

Gold price in Delhi (per 10 grams)

24 carat – Rs 1,23,320
22 carat – Rs 1,13,030
18 carat – Rs 92,510

Gold price in Mumbai (per 10 grams),

24 carat – Rs 1,23,170
22 carat – Rs 1,12,900
18 carat – Rs 92,380

Gold price in Chennai (per 10 grams)

24 carat – Rs 1,23,820
22 carat – Rs 1,13,500
18 carat – Rs 94,750

Gold price in Kolkata (per 10 grams)

24 carat – Rs 1,23,170
22 carat – Rs 1,12,900
18 carat – Rs 92,380

Gold price in Ahmedabad (per 10 grams)

24 carat – Rs 1,23,220
22 carat – Rs 1,12,930
18 carat – Rs 92,410

Gold price in Lucknow (per 10 grams)

24 carat – Rs 1,23,320
22 carat – Rs 1,13,030
18 carat – Rs 92,510

Wedding season is starting in India from the month of November. Indians consider buying gold auspicious during weddings and purchase this precious metal. In such a situation, the demand for gold and silver is expected to increase. In India, gold and silver are purchased on any auspicious occasion. Indians believe that buying gold brings auspicious signs.

Also read: Share market opened in the red, Sensex slipped 272 points, Nifty below 25,665.

Gold Price Today: There is a slight rise in gold prices in the domestic futures market on Monday, November 3. Gold futures with expiry of December 5 on Multi Commodity Exchange (MCX) opened at Rs 1,21,435 (per 10 grams) on Monday. On its last trading day, gold on MCX had closed trading at Rs 1,21,854.

At 9:55 am on November 3, gold with expiry of December 5 was trading at Rs 1,21,620 on MCX. Which shows a jump of about Rs 388 from the previous day’s closing price. MCX Gold had reached a high level of Rs 1,21,854 in early trade.

At the same time, there is a rise in silver prices on MCX on Monday. Till the time of writing the news, silver was trading at Rs 1,49,078 per kg on MCX. At the beginning of the trading day, silver opened at Rs 1,48,791.

Gold price in your city (as per good returns)

Gold price in Delhi (per 10 grams)

24 carat – Rs 1,23,320
22 carat – Rs 1,13,030
18 carat – Rs 92,510

Gold price in Mumbai (per 10 grams),

24 carat – Rs 1,23,170
22 carat – Rs 1,12,900
18 carat – Rs 92,380

Gold price in Chennai (per 10 grams)

24 carat – Rs 1,23,820
22 carat – Rs 1,13,500
18 carat – Rs 94,750

Gold price in Kolkata (per 10 grams)

24 carat – Rs 1,23,170
22 carat – Rs 1,12,900
18 carat – Rs 92,380

Gold price in Ahmedabad (per 10 grams)

24 carat – Rs 1,23,220
22 carat – Rs 1,12,930
18 carat – Rs 92,410

Gold price in Lucknow (per 10 grams)

24 carat – Rs 1,23,320
22 carat – Rs 1,13,030
18 carat – Rs 92,510

Wedding season is starting in India from the month of November. Indians consider buying gold auspicious during weddings and purchase this precious metal. In such a situation, the demand for gold and silver is expected to increase. In India, gold and silver are purchased on any auspicious occasion. Indians believe that buying gold brings auspicious signs.

Also read: Share market opened in the red, Sensex slipped 272 points, Nifty below 25,665.

Gold Price Today: There is a slight increase in gold prices in the domestic future market on Thursday. Gold futures with expiry of December 5 on Multi Commodity Exchange (MCX) opened at Rs 1,22,300 (per 10 grams) on Thursday, October 23. On its last trading day, gold on MCX had closed trading at Rs 1,21,857. Which shows a rise of Rs 443 in gold prices.

At 11:15 am on October 23, gold with expiry of December 5 was trading at Rs 1,22,963 on MCX. Which is an increase of about Rs 1000 from the previous day’s closing price. MCX Gold had reached a high level of Rs 1,23,074 in early trade.

A rise in silver prices is also being seen on MCX. On October 23, silver with expiry of December 5 opened at Rs 1,47,799. Till the time of writing the news, silver was trading at Rs 1,47,099. This rise in gold and silver prices is being linked to India-US trade talks. It is expected that a trade agreement may be signed between the two countries in the coming days. Which is expected to provide relief from heavy American tariffs.

Gold price in your city (as per good returns)

Gold price in Delhi (per 10 grams)

24 carat – Rs 1,26,030
22 carat – Rs 1,14,800
18 carat – Rs 94,560

Gold price in Mumbai (per 10 grams)

24 carat – Rs 1,25,080
22 carat – Rs 1,14,650
18 carat – Rs 93,810

Gold price in Chennai (per 10 grams)

24 carat – Rs 1,25,460
22 carat – Rs 1,15,000
18 carat – Rs 96,500

Gold price in Kolkata (per 10 grams)

24 carat – Rs 1,25,080
22 carat – Rs 1,14,650
18 carat – Rs 93,810

Gold price in Ahmedabad (per 10 grams)

24 carat – Rs 1,25,130
22 carat – Rs 1,14,700
18 carat – Rs 93,860

Gold price in Lucknow (per 10 grams)

24 carat – Rs 1,26,030
22 carat – Rs 1,14,800
18 carat – Rs 94,560

In the last few years, gold has given good returns to investors. This is the reason why people remain interested in gold and silver. Investors invest in gold and silver as a safe investment option. The demand for silver has increased rapidly all over the world. Recently there was a shortage of silver in India. Due to high demand and low supply, silver prices are also skyrocketing.

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Gold Price: Since the announcement of the tariff on April 2 by US President Donald Trump, there is a lot of stir in the international market. There is a big suspense in the stock market from turmoil to jewelery market. In such a situation, the question is arising as to why the price of gold is increasing suddenly and how long will this last. Along with this, on Akshaya Tritiya, some market experts have estimated its price to cross 1 lakh, so what should be done before you.

Actually, since the tariff was announced, the price of gold is touching the sky. Gold of more than seven percent has given returns, that is, the bank does not give so much benefit as an interest of year -old. On April 2, the price of gold was Rs 93,750 per 10 grams. It made a new record that day. Later, there was a decline in the price of gold and it went to 90,600 on 8 April. But when a brake was applied on the tariff for 90 days, then its price was increased.

Between April 8 and April 18, the market opened for about seven days, while the rest of the day was weekly or other holidays. During this time, the price of gold increased by about Rs 7100 per 10 grams and gold reached a record 97,700. Gold broke its old records on April 10, April 11, April 12, April 16 and 17.

Now on April 30, Akshaya Tritiya is with Sahalag and on this occasion, the most jewelry is purchased after Dhanteras. In such a situation, the demand for gold in the Indian market is increasing continuously.

According to the market experts, the price of gold can increase further in the next two weeks, so people are already booking coins and gold biscuits, so that Akshay takes delivery on the day of Tritia. Apart from this, another factor is also to increase the demand for gold that marriages will start in May, so people are trying to shop before the possibility of moving forward.

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