Silver Hits Record Rs 4 Lakh-Mark in India for First Time Amid Geopolitical Tensions
Business
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News18•28-01-2026, 11:33
Silver Hits Record Rs 4 Lakh-Mark in India for First Time Amid Geopolitical Tensions
- •Silver prices in India reached an unprecedented Rs 4 lakh per kg for the first time on January 28, 2026.
- •The rally is attributed to ongoing geopolitical tensions, demand-supply imbalance, and economic volatility.
- •In Hyderabad and Chennai, silver was priced at Rs 4,00,000 per kg, with Hyderabad seeing a Rs 1,44,000 jump in 28 days.
- •On MCX, March silver futures surged 5.62 percent to Rs 3,79,300 per kg.
- •Strong industrial demand from solar, EVs, AI/data centers, and electronics, alongside safe-haven flows, are driving prices.
Why It Matters: Silver prices hit a historic Rs 4 lakh per kg in India, driven by geopolitical and industrial demand.
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