Silver Surges 32,000 Rupees in January: Is Now the Best Time to Buy?
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Moneycontrol•16-01-2026, 17:29
Silver Surges 32,000 Rupees in January: Is Now the Best Time to Buy?
- •Silver prices surged by over 32,000 rupees in January, with March futures on MCX hitting a record 2,92,865 rupees per kilogram on January 16.
- •The price increase is driven by strong industrial demand from sectors like solar energy, electronics, and electric vehicles, coupled with limited supply.
- •Market experts predict silver could reach 3 lakh to 3.5 lakh rupees per kilogram in the mid-term and potentially 4 lakh rupees in the long term.
- •Silver's industrial importance in India is growing due to government focus on renewable energy and infrastructure, attracting large investors.
- •Experts advise caution for common investors due to silver's volatility; some suggest waiting for a correction to 2.50-2.60 lakh rupees per kilogram for safer buying.
Why It Matters: Silver prices have seen a significant jump due to industrial demand, but common investors should exercise caution.
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