Silver Price Today: Silver Hits Record High, Crossing Rs 1.78 Lakh

Silver Prices Reach Record Levels

Silver futures on the Multi Commodity Exchange (MCX) climbed to an all-time high, surpassing Rs 1.78 lakh per kilogram. The surge was mainly fueled by expectations of upcoming US Federal Reserve rate cuts, a weakening US dollar, and consistent industrial and investment demand.

Drivers Behind the Rally

Analysts link the rally to three major factors:

Anticipated monetary easing by the US Federal Reserve, which could lower interest rates and boost demand for precious metals.
A softer US dollar, which typically increases the attractiveness of silver and gold.
Robust industrial consumption, especially from renewable energy and electronic sectors, which continue to drive silver’s practical usage.

Market Outlook

Experts observe that silver’s price momentum remains strong, with potential to approach the Rs 2 lakh mark if global conditions stay favorable. However, fluctuations in industrial demand and the Fed’s final stance on rate cuts may introduce volatility in the near term.

“If the current macroeconomic direction continues, silver could test Rs 1.85-1.9 lakh in the short term and Rs 2 lakh in the medium run,” said a commodities analyst.

Author’s summary: Silver futures hit record highs above Rs 1.78 lakh on MCX, supported by weaker dollar trends, Fed rate cut expectations, and strong industrial demand, suggesting possible rise toward Rs 2 lakh.

The Times of India on MSN — 2025-12-01

Silver Prices Reach Record Levels

Drivers Behind the Rally

Market Outlook

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