Silver prices in India surged to unprecedented levels on Thursday (October 16), as investors and industrial buyers scrambled for the precious metal amid tight global supply and a rapidly evolving energy transition. On the Multi Commodity Exchange (MCX), December 2025 silver futures hit an all-time high of Rs 1,64,660 per kilogram, up 1.33% from the previous close. Futures for March and May 2026 also hit record highs of Rs 1,64,958 and Rs 1,66,338 per kg, respectively — underscoring the strength and breadth of the rally. Advertisement

In the physical markets, prices have already breached historic thresholds. On October 15, silver crossed Rs 1.89 lakh per kg in Delhi, Kolkata, and Mumbai, and even Rs 2 lakh in Chennai, reflecting a staggering Rs 6,000 jump in just two days between October

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