Silver prices in India continued their rally this week, climbing to a fresh all-time high of Rs 1,84,727 per kg on the Multi Commodity Exchange (MCX) on Wednesday (December 3). The March contract alone surged by Rs 3,126, extending the metal’s unprecedented upward momentum. In just the past month, silver spot prices on MCX have jumped nearly 20%, rising from Rs 1,48,717 to Rs 1,77,886. Silver has gained 98% in one year, 133% in two years, 182% in three years and 419% over the last decade, MCX data shows.

What’s Fueling The Record-Breaking Silver Rally?

Both global and domestic forces are propelling silver to unprecedented levels. A major driver behind the surge is the expectation that the US Federal Reserve may begin cutting interest rates soon. Lower rates typically boost demand for pre

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