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Jun 17, 2025
Silver reaches new lifetime high on MCX
Silver just broke its own record on the MCX, with July futures at ₹1,07,425 per kg and September surpassing it at ₹1,08,700 per kg.
Across India, prices are averaging around ₹1,10,000 per kg.
What's fueling this jump? Mostly global uncertainty—think tensions in the Middle East and talk of a US Fed rate cut—plus a weaker rupee.
TL;DR
Silver could stay volatile in the near term
Analysts like Manoj Kumar Jain expect silver prices to stay unpredictable thanks to shifting currency rates and ongoing geopolitical drama.
Axis Securities points out that if silver holds above ₹1,07,400, we could see even higher numbers soon—but if it slips below ₹1,02,000, a price drop might follow.
Their tip: consider buying above ₹1,07,500 with a stop-loss at ₹1,05,000 if you're watching the market closely.