Mon Jan 19 05:10:00 UTC 2026: # Silver Prices Skyrocket to Record Highs in Indian Futures Market

The Story:
On Monday, the price of silver futures in the Indian market reached an unprecedented level, surpassing ₹3,00,000 per kilogram for the first time. This surge was fueled by robust investor demand and positive global cues, creating significant activity in the commodity market. Silver futures contracts for March delivery on the Multi Commodity Exchange (MCX) experienced a substantial increase, reaching a record high of ₹3,01,315 per kilogram, a jump of ₹13,553 or 4.71 percent.

Internationally, silver futures contracts for March delivery also hit a record high of $94.35 per ounce, an increase of $5.81 or 6.56 percent. Analysts attribute this rally to strong industrial demand and a weakening US dollar, positioning silver as a top performer compared to gold in recent sessions. Gold prices are also surging, with gold reaching ₹1,45,500 per 10 grams.

Key Points:

  • Silver futures on MCX hit a record high of ₹3,01,315 per kilogram on Monday.
  • The increase represents a 4.71 percent or ₹13,553 jump in March futures contracts.
  • International silver futures also reached a record high of $94.35 per ounce.
  • Since December 31, 2025, the price of silver has increased by ₹65,614 per kilogram.
  • Gold prices are also surging, reaching ₹1,45,500 per 10 grams.
  • India imported approximately $9.2 billion worth of silver in 2025, becoming the world’s largest consumer.
  • India faces challenges in silver processing, creating vulnerability amid global supply and geopolitical pressures.

Key Takeaways:

  • Silver is experiencing a significant bull run, driven by strong industrial demand and a weaker US dollar.
  • India’s dependence on silver imports and lack of processing capabilities pose a risk to its silver security.
  • The precious metals market is displaying high volatility and upward price momentum in early 2026.
  • Astrological events, specifically Jupiter turning retrograde, are posited to impact financial fortunes for certain zodiac signs.
  • The surge in both silver and gold prices indicates a broader trend of investors seeking safe-haven assets.

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