Silver Price Soars Past Rs 4 Lakh Per Kilo for First Time Amid Volatility
Business
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Moneycontrol•29-01-2026, 09:45
Silver Price Soars Past Rs 4 Lakh Per Kilo for First Time Amid Volatility
- •Silver price surged past Rs 4 lakh per kilogram on MCX for the first time on January 29, reaching Rs 4,02,792.
- •Globally, silver hit a new high of $119 an ounce after the US Federal Reserve kept interest rates steady.
- •The price later settled at $117 on Comex, marking a 3.48 percent increase from the previous day.
- •Geopolitical tensions, renewed tariff threats by US President Donald Trump, and policy uncertainty are driving safe-haven demand for silver.
- •A fresh wave of first-time investors, particularly in Asia and Europe, is also contributing to the structural support for silver prices.
Why It Matters: Silver prices reached a historic high of over Rs 4 lakh per kilo due to global volatility and safe-haven demand.
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