Silver prices saw a significant surge on Monday. On December 29th, silver surpassed the ₹250,000 mark for the first time on the Multi Commodity Exchange (MCX).
Silver Rate Today: Silver prices surge sharply! Crossing 2.50 lakh for the first time, find out why
Silver prices surge sharply, surpassing 2.50 lakh for the first time; find out why.

Silver Rate Today: Silver prices are seeing a significant surge on Monday, the first trading session of the week. On December 29th, silver surpassed the ₹250,000 mark for the first time on the Multi Commodity Exchange (MCX).

Silver prices have risen in both the Indian market and the international market. Today, silver prices surpassed $80 for the first time. However, after this meteoric rise, profit-booking in the white metal began, and prices fell. Let’s explore the reasons behind this surge in silver prices…

Latest Silver Rate on Multi Commodity Exchange

Silver prices in the domestic futures market experienced a rocketing rise on Monday, December 29. Silver futures with a March 5, 2026, expiry date on the Multi Commodity Exchange (MCX) opened at ₹247,194 per kg on Monday. On the previous trading day, silver had closed at ₹239,787.

At 10:00 am on December 29, MCX silver was trading at ₹2,48,982, up approximately ₹9,200 from the previous day’s closing price. MCX silver had reached a high of ₹2,54,174 in early trade.

The reason for this rise in silver

Silver demand in the industrial sector is steadily increasing. Its use in sectors such as solar panels, electric vehicles, and semiconductors has strengthened prices. Currently, approximately 60% of global silver demand is coming from industry. Furthermore, the growing gap between silver production and demand is also a factor in the surge in silver prices.

Additionally, a weak dollar and indications of interest rate cuts from the US Federal Reserve are also supporting the market. In such circumstances, investors are turning to safe haven options, which is directly impacting gold and silver prices on MCX.

 PC:ABPnews