Prices of silver crossed the Rs 2 lakh per kg mark on MCX for the first time ever tracking the broader uptrend in precious metals. Silver rates hit a record high of Rs 2,00,362 per kg on the MCX today rising Rs 1420 against the previous close of Rs 1,98,942. Advertisement

Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures said, "Silver price is rising further due to encouraging industrial production trends and a weakening dollar. The momentum remains positive, with anticipation of growing industrial and clean energy demand."

Silver prices have already zoomed 100% in 2025. According to a report by Axis Mutual Fund, demand for silver has been boosted by sectors like solar energy, electric vehicles and semiconducto

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