New Delhi, 29 December 2025 – Silver prices have surged to historic levels, with rates touching around ₹2.5 lakh per kilogram in the domestic market, marking one of the strongest rallies seen in the precious metal in recent years. The sharp rise has caught the attention of investors, traders and industry participants, as silver continues to outperform several traditional asset classes amid heightened global uncertainty.
The latest rally reflects a convergence of strong global cues and domestic demand dynamics. Internationally, silver prices have scaled record highs, which has directly translated into elevated prices in India through futures and physical markets. On the Multi Commodity Exchange (MCX), silver futures witnessed heavy buying interest, while bullion markets across major Indian cities reported firm sentiment and rising inquiries.
Market experts attribute the surge to a mix of safe-haven demand and industrial consumption. Unlike gold, silver plays a dual role — serving both as a store of value and a critical industrial input. Rapid growth in sectors such as electric vehicles, solar energy, electronics and battery manufacturing has significantly boosted long-term demand expectations, tightening the supply-demand equation.
Another key driver behind the rally has been global macroeconomic uncertainty. Persistent inflation concerns, geopolitical tensions and expectations around future interest-rate adjustments by major central banks have pushed investors toward precious metals. A softer US dollar in recent sessions has further supported silver prices, making the metal more attractive to global investors.
In the Indian context, the rise to nearly ₹2.5 lakh per kg has reinforced silver’s position as a strategic portfolio diversifier. Jewellers and industrial users are cautiously increasing procurement, while investors are closely tracking price movements for potential corrections. Analysts note that while short-term volatility cannot be ruled out due to profit booking, the broader trend remains constructive.
Looking ahead, market participants believe silver prices could remain firm as long as industrial demand stays robust and global economic risks persist. However, experts advise investors to remain cautious at elevated levels and adopt a disciplined approach, especially given the sharp run-up seen over a short period. Any major shift in global monetary policy or easing of geopolitical tensions could trigger temporary pullbacks.
The historic move past ₹2.5 lakh per kilogram underscores silver’s growing importance in both investment and industrial landscapes. As the metal enters uncharted territory, its price action in the coming months will be closely watched for signals on sustainability and long-term direction.
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