Silver Price Today: On Wednesday’s trading day, in futures trade, the price of silver rose by Rs 8,356 to reach a new all-time high of Rs 2,06,111 per kg. Global silver prices have risen amid signs of supply shortage and expectations of a cut in interest rates by the Federal Reserve next year.
On the Multi Commodity Exchange (MCX), the price of contracts for delivery in March 2026 rose by Rs 8,356, or 4.2 percent, to an all-time high of Rs 2,06,111 per kg.
silver prices on mcx
Its closing price on Tuesday was Rs 1,97,755 per kg. Similarly, the price of contracts for May 2026 increased by Rs 8,266 or 4.12 percent and reached a record level of Rs 2,08,914 per kg.
So far this year, the price of silver has increased by Rs 1,18,533 or 135.34 percent, which was Rs 87,578 per kg on January 1, 2025. After the initial rise, the price of gold declined.
On the Multi Commodity Exchange (MCX), the price of gold under contracts for delivery in February 2026 fell by Rs 359, or 0.27 percent, to Rs 1,34,050 per 10 grams. At the same time, the price of contracts for April 2026 declined by Rs 293 or 0.21 percent to Rs 1,37,117 per 10 grams.
global gold price
There was a rise in the prices of gold and silver at the global level also. Comex gold futures price rose by 0.30 percent to reach $ 4,345.1 an ounce. Jigar Trivedi, senior research analyst at Reliance Securities, said, “The price of gold reached above US $ 4,320 an ounce. That’s close to the all-time high seen in October. Because of this, investors are expecting additional relief measures by the Federal Reserve next year.
On the other hand, the price of silver crossed the level of $ 66 per ounce for the first time. The dollar rose 5.25 percent to its all-time high of $66.65 an ounce. Aamir M, commodity and currency analyst at Choice Broking, said, “Crossing the US$ 65 mark marks the beginning of a new era for silver.
For the first time in 40 years, silver prices have overtaken crude oil prices, giving a clear message to the market that the future belongs to solid, important and rare commodities. He said, there is a shortage in the supply of silver for the fifth consecutive year. Additionally, the fall in the value of the Indian rupee has led to a rise in the prices of dollar denominated commodities.
Also read: Effect of relief in RBI’s repo rates! Know which bank is offering personal loan at lowest interest
