Silver Rate Today: A huge rise in silver prices is being seen on Monday, the first trading session of the week. On December 29, silver crossed the price mark of Rs 2,50,000 for the first time on Multi Commodity Exchange (MCX).

Apart from the Indian market, there has been a rise in the prices of silver in the international market also. Today the price of silver had crossed 80 dollars for the first time. However, after this tremendous rise, profit booking started in the white metal and prices declined. Let us know the reason for this rise in silver prices…

Latest price of silver on Multi Commodity Exchange

There is a rocket-like rise in silver prices in the domestic futures market on Monday, December 29. Silver futures with expiry of March 5, 2026 opened at Rs 2,47,194 (per kg) on ​​Multi Commodity Exchange (MCX) on Monday. On its last trading day, silver on MCX closed at Rs 2,39,787.

At 10:00 am on December 29, silver was trading at Rs 2,48,982 on MCX. Which shows a jump of about Rs 9,200 from the previous day’s closing price. MCX Silver had reached a high level of Rs 2,54,174 in early trade.

The reason for this rise in silver

There is a continuous increase in the demand for silver in the industrial sector. Its use in sectors like solar panels, electric vehicles and semiconductors has strengthened the prices. In the current situation, about 60 percent of the demand for silver from the entire world is coming from industries only. Besides, the increasing gap between silver production and demand is also a reason for the rise in silver prices.

Apart from this, the weakness of the dollar and indications of interest rate cut by the US Federal Reserve are also supporting the market. In such a situation, investors are turning towards safe options, the direct impact of which is visible on the prices of gold and silver on MCX.

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Silver Prices In India: Often the demand for gold increases significantly during any festive season in the country, because it has economic as well as social and religious importance. At the same time, silver has given excellent returns to investors this year. Due to its increased demand at the global level, the price of silver has seen an increase of about 75 percent.

Why is the price of silver increasing?

At present, silver has become the first choice of people, industries and central banks. Due to continuously increasing purchasing, its price in India has reached around Rs 1,50,000 per kg. This is at its highest level ever. Silver has given better returns compared to gold and other investment instruments, due to increased demand in industries, reduction in supply and investors considering it a safe instrument.

According to market experts, this rise in the price of silver may continue in future also. According to Dr. Renisha Chenani, Head of Research, Augmont, silver has currently reached around Rs 1,50,000 per kg. If this level remains intact, its price may reach near Rs 1,65,000. However, on Thursday the price of silver had fallen slightly to Rs 1,44,000 per kg.

What are the experts saying?

Dr. Chenani says that the attraction of investors towards safe investment has been the main reason for the increase in the price of silver by 75 percent this year. Apart from this, shortage in supply and increase in industrial demand have also given rise to its price.

Dr. Chenani says that the period of geopolitical uncertainties and global monetary policy have also worked to further increase the price of silver. Apart from this, due to political instability in America, Japan and France, its price is rising like a rocket. Whereas, a decline in its price is being seen in the London market.

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