Silver just hit ₹2L/kg—here's why everyone's talking about it
Silver prices soared to a record ₹2,00,000 per kg this Wednesday—a jump of ₹9,000 overnight.
With GST, that means buyers are now shelling out ₹2,06,000 per kg or ₹206 per gram.
Why should you care?
This surge isn't just for investors—higher silver prices mean costlier jewelry and tech gadgets.
The main reason? US unemployment is up (4.6% in November), so markets expect the Federal Reserve to continue easing rates.
That weakens the dollar and makes metals like silver and gold more attractive.
What's driving the rally?
Silver futures on MCX topped ₹2L/kg for the first time ever this week—doubling since January!
Behind the scenes: a Fed rate cut making non-interest assets like silver appealing, ongoing supply shortages since 2021 (about 700 million ounces short through 2025), and booming demand from solar panels, EVs, and electronics.