Record rise of silver: Price rises for the 5th consecutive day, reaches historic level of Rs 2.32 lakh

New Delhi. In futures trade, the price of silver rose by Rs 8,951 to reach a new record high of Rs 2,32,741 per kg on Friday. This is the fifth consecutive trading session when silver has strengthened in the futures market. This increase occurred due to silver crossing the level of $ 75 per ounce in the global market. On the Multi Commodity Exchange (MCX), silver futures for March 2026 contract jumped by Rs 8,951, or four per cent, to hit an all-time high of Rs 2,32,741 per kg.

Since December 18, silver prices have increased by Rs 29,176 or 14.33 percent. Apart from this, gold prices in the commodity market crossed Rs 1.39 lakh per 10 grams for the first time. Rising for the fourth consecutive session, the price of February delivery rose by Rs 1,119, or 0.81 percent, to reach a new high of Rs 1,39,216 per 10 grams.

Commodity markets remained closed on Thursday on the occasion of Christmas. Meanwhile, bullion prices increased due to gold and silver reaching the highest level in the international market. On Comex (commodity market), gold futures for February delivery rose $ 58.8, or 1.3 percent, to a new peak of $ 4,561.6 an ounce. Jigar Trivedi, senior research analyst at Reliance Securities, said gold prices rose to around $4,500 an ounce on Friday.

It also briefly touched an all-time high of $4,530 an ounce during the session. The rise in gold prices has come due to increased geopolitical tensions and increased demand for safe investments due to expectations of interest rate cuts by the US Federal Reserve. Rising for the fifth consecutive day, silver futures for the March contract rose by US $ 3.81, or 5.31 percent, to a new peak of US $ 75.49 an ounce on Comex. On Wednesday it closed at $ 71.68 an ounce.