Silver rates today: Silver prices hit record high of ₹1.3 lakh/kg in futures market; check details

On the Multi Commodity Exchange (MCX), silver futures for March next year delivery soared by ₹1,668, or 1.3%, to hit a lifetime high of ₹1,30,000 per kg.

The most traded December delivery also rallied by ₹1,674, or 1.32%, to hit an all-time high of ₹128,612 per kg on the MCX.

Globally, silver futures for December delivery rose 1.52% to $42.79 per ounce, scaling a fresh 14-year high.

The price of the metal has been soaring for the past few sessions.

On Wednesday, September 10, silver prices continued their upward trend by jumping ₹671 to ₹1,25,132 per kilogram in the domestic futures market, driven by escalating tensions in the Middle East and a weakening US dollar.

On the MCX, the white metal futures for December delivery appreciated by ₹671, or 0.54%, to ₹1,25,132 per kg in a business turnover of 17,714 lots.

According to commodities market experts, silver continued to edge higher amid increasing tensions in the Middle East region after Israel conducted a strike on senior Hamas leadership in Doha, Qatar.

"Traders will focus on US macroeconomic data, including producer price inflation data and consumer price inflation data on Thursday, which may offer guidance into the Federal Reserve's interest rate cycle," an expert said.

On Tuesday, September 9, silver surpassed $42 per ounce for the first time in 14 years in the global markets.

According to a report by Yahoo Finance, published on September 9, 2025, fundamentally, there is a strong move among major industrialised countries of the world to stock up on strategic and precious metals.

Such will likely continue in the coming months and probably longer. That is longer-term bullish for precious metals. Save-haven demand will also likely continue to support buying interest in silver, which has also been affectionately called "poor man’s gold", the report added.

Both gold and silver are considered safe haven assets which draw increased demand during the time of any crisis.

Historically, gold is considered the most trusted safe haven, while silver is considered a semi-safe haven. This is because, like gold, it preserves value, but it is more volatile because silver has significant industrial demand (electronics, solar, etc.).

Its price can swing more than gold’s, especially during economic downturns when industrial demand slows.

Gold, on the other hand, retains value during market volatility, inflation, or geopolitical tensions. Central banks also hold large gold reserves, reinforcing its role.

During any economic crisis (geopolitical and market uncertainty), investors shift to gold and silver as they preserve wealth and act as a hedge against inflation.

Wealth Preservation

Unlike paper currency, gold and silver can’t be printed or devalued by governments. They tend to hold their purchasing power over centuries, even when currencies weaken, as per experts.

Hedge Against Inflation

When inflation rises, the value of money falls. Precious metals, such as gold and silver, typically rise in such times because they are seen as a store of value.

Wars, financial crises, and global tensions push investors toward assets that feel secure and universally accepted.