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Historic Silver Rally: Rs 2L to Rs 3L Peak
19 Jan
Summary
- Silver price surged nearly Rs 1 lakh in one month.
- Domestic silver breached Rs 2 lakh mark on December 12.
- International silver jumped over 4% due to tariffs threat.
Silver prices in India staged a remarkable rally, creating history as they surged from Rs 2 lakh to over Rs 3 lakh per kilogram in approximately one month. This extraordinary climb saw silver reach record highs on the Multi Commodity Exchange (MCX) and in major cities nationwide. The domestic market recorded a jump of nearly Rs 1 lakh between December 12 and January 19.
On January 19, silver was priced at Rs 305 per gram, amounting to Rs 3,05,000 per kilogram. This surge mirrors global trends, with international silver prices also climbing significantly. Analysts attribute silver's rise to its dual role as a store of value and a critical component in industrial applications like solar energy and electronics.
Experts highlight silver's growing strategic importance, driven by increasing investment demand and industrial transformation. India's accelerating renewable energy and infrastructure ambitions further bolster silver's industrial relevance and long-term price support. This makes silver a compelling investment in the current economic cycle.
