Silver rate today: Silver prices on India’s Multi-Commodity Exchange (MCX) hit a fresh record high after surging more than ₹9,600 per kilogram during the intraday trading session on Tuesday, 6 January 2026, due to the geopolitical tensions over the United States’ attack on Venezuela.
The MCX silver prices for the March 2026 contract surged 3.9% or ₹9,645 per kilogram to its new record high of ₹255,800 per kilogram on Tuesday, compared to ₹246,155 per kilogram at the previous market close, according to the exchange data.
Is this the right time to invest in Silver?
On the impact of the US-Venezuela crisis on silver prices, Ross Maxwell of VT Markets said that the commodity is expected to rise amid the increasing uncertainty in the short term alongside gold prices.
The commodity market expert expects silver’s position to be linked to strong industrial demand means that prolonged instability or a slowdown in global growth could weigh on the price relative to gold.
Renisha Chainani, the Head of Research at Augmont, said that silver prices are witnessing resistance at the $79 per ounce or ₹251,000 per kg. However, if the commodity rates sustain above this level, then the next target price will move upwards to $82 per ounce or ₹255,000 per kg level and more.
“If prices sustain above this resistance, the next level to watch for is $82 ( ₹255,000) and $84 ( ₹260,000),” said the commodity market expert.
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
