Silver breaches ₹3 lakh per kg mark for 1st time:Gold peaks to record high of ₹1,48,100 per 10 gm

After Multi-Commodity Exchange (MCX), silver prices breached the ₹3 lakh per kg mark for the first time in spot market also. Earlier, on Monday, January 19, 2026, the futures contracts of the white metal had surpassed the ₹3 lakh per kg mark on the MCX. This rate was recorded for the futures contract of the white metal having an expiry of March 05, 2026. Silver prices surged ₹10,000 on Monday to breach the record high of ₹3 lakh-per-kilogram mark in the national capital, driven by strong demand in domestic and global markets, said news agency, PTI, citing marketmen. Earlier, on the MCX, silver futures for March delivery skyrocketed by ₹13,553, or 4.71%, to hit a record of ₹3,01,315 per kilogram. In the international market, the March silver futures contract had jumped by $5.81, or 6.56%, to hit a record of $94.35 per ounce. Gold hits record highs of ₹1,48,100 per 10 gm mark: Gold prices also witnessed robust gains in the local bullion market and scaled a fresh record. The yellow metal climbed ₹1,900 to ₹1,48,100 per 10 grams (inclusive of all taxes). It had finished at ₹1,46,200 per 10 grams on Friday. Gold became 75% and silver 167% more expensive in 2025 Last year i.e. 2025, gold price increased by ₹57,033 (75%). On December 31, 2024, 10 grams of 24 carat gold was ₹76,162, which became ₹1,33,195 on December 31, 2025. Silver prices also increased by ₹1,44,403 (167%) during this period. On December 31, 2024, one kg of silver was priced at ₹86,017, which became ₹2,30,420 per kg on the last day of this year. Not only in futures and spot market, the silver ETFs and MFs have also given strong returns in the past. Silver ETFs’ Return In 2025 Silver MFs’ Return In 2025 3 Main Reasons for Silver Rally Industrial Demand – Heavy use in solar, electronics and EV, silver is no longer just jewellery, has become essential raw material. Trump’s Tariff Fear – American companies are stockpiling silver, prices rise due to global supply shortage. Manufacturers in Race – Everyone is buying in advance due to fear of production stoppage, this will keep the momentum going in coming months. ​