Gold Silver Price:On Monday, there was such a storm in the bullion market that even investors were surprised. The price of silver on MCX crossed the mark of Rs 3 lakh per kg for the first time, breaking all the old records. In March 2026 contract, the price of silver saw a rise of more than Rs 13 thousand in one stroke. At around 11 am, silver reached a record level of Rs 3 lakh 1 thousand per kg.
Gold also shines, sharp rise in gold prices
Along with silver, there was a tremendous rise in the prices of gold also. The price of 24 carat gold on MCX increased by around Rs 2,400 for 10 grams. After this, gold was seen trading above Rs 1 lakh 44 thousand. At the same time, the price of 22 carat gold has also increased to around Rs 1 lakh 33 thousand per 10 grams. This means that both gold and silver are the center of discussion for investors at this time.
Why did the price of silver cross Rs 3 lakh?
There are many big international reasons behind this historic rise in silver. US President Donald Trump has recently warned of imposing heavy tariffs on many European countries. This includes countries like France, Germany and Britain. This statement is believed to be related to the Greenland dispute, which has increased uncertainty in the global markets.
Fear of trade war and weakness of dollar became the reason
After Trump’s statement, the fear of trade war between America and Europe has increased. Whenever economic tension increases in the world, investors withdraw money from the stock market and invest it in safe investments like gold and silver. Apart from this, weakness has also been seen in the dollar index, due to which gold and silver became cheaper in the international market and their demand increased.
Read Also:Gold Silver Price: Gold and silver broke all records, investors’ heartbeat increased
Silver made investors rich in one year
If we talk about returns, silver has given tremendous benefits to the investors. In the last one year, silver has given returns of up to 190 percent. While silver was around Rs 95 thousand per kg in April 2023, today it has crossed Rs 3 lakh. The increasing demand for silver in solar panels, electric vehicles and chip manufacturing is also continuously pushing its price higher.
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