Silver price today: After languishing for the majority of trade on Friday, December 12, a sharp spurt was visible in silver prices on the MCX, which drove the commodity past the ₹200,000 mark for the first time.
MCX Silver futures touched a record peak of ₹200,362 per kilogram in afternoon trade, rising 0.71%, or ₹1,420, from its last closing price. As of 3.45 pm, MCX Silver futures traded at ₹199,623, up 0.34%, or ₹681.
The silver prices have been on a sharp uptrend, driven by strong industrial demand, tight supply from shrinking stockpiles, and increased investor interest. Various other factors, like the US Fed rate cuts and geopolitical risk, have further amplified its appeal.
