Silver Crosses ₹3 Lakh Mark, Surges ₹13,000 in a Day; Gold Also Jumps
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News18•19-01-2026, 11:54
Silver Crosses ₹3 Lakh Mark, Surges ₹13,000 in a Day; Gold Also Jumps
- •Silver futures prices on MCX crossed ₹3 lakh per kilogram for the first time, surging by ₹13,553 (4.71%) to ₹3,01,315.
- •Global silver prices also saw a significant jump, with March delivery contracts rising by $5.81 (6.56%) to $94.35 per ounce.
- •Experts attribute the silver surge to strong investor demand, positive global trends, increasing industrial demand, and a weaker US dollar.
- •Gold futures on MCX also increased by ₹2,443 (1.71%) to ₹1,44,941 per 10 grams, reaching ₹1,45,500 at one point.
- •Analysts predict continued upward trend for gold due to safe-haven demand and expected US Fed interest rate cuts, while silver might stabilize after its sharp rise.
Why It Matters: Silver prices hit a record ₹3 lakh per kg, with gold also rising significantly, driven by strong demand and global factors.
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