The movement of silver is surprising, the price increased by Rs 10 thousand in a day, the rate increased by Rs 1 lakh more in a month

Silver Price Record: Silver rapidly broke all records on Tuesday. It took only one month for the price of silver to rise from Rs 2 lakh to Rs 3 lakh per kg. Amidst global geopolitical tensions and demand for safe investment, the Indian bullion market continues a historic bullish period. Gold and silver touched new record levels on MCX on Tuesday. The most surprising data for the market has been the movement of silver. Silver, which took 14 months to reach from Rs 1 lakh per kg to Rs 2 lakh, has completed the journey from Rs 2 lakh to Rs 3 lakh in just one month.

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After crossing the level of Rs 3 lakh per kg on Monday, silver reached close to Rs 3.20 lakh per kg on Tuesday. At the same time, gold has crossed Rs 1.48 lakh. Heavy buying was seen in precious metals on MCX on Tuesday. According to All India Bullion Association, gold crossed Rs 1.5 lakh per 10 grams for the first time in Delhi on Tuesday. Silver again took a huge leap and reached the price of Rs 3.23 lakh per kg.

Silver futures for March delivery jumped Rs 9,674 (3.2 per cent) to hit a new all-time high of Rs 3,19,949 per kg.

Gold for February delivery rose by Rs 2,560 (1.76 per cent) to trade at a record high of Rs 1,48,199 per 10 grams.

In the international market (Comex) too, gold crossed $4,700 for the first time at $4,722.55 an ounce and silver reached a record high of $94.74 an ounce.

Read :- Gold Silver Rate Today: Rise in gold and silver, know the rate before buying.

Historical rise of silver: If we look at the 14 month vs 1 month data, the recent rise in silver is unprecedented.

How did the price of silver change in 14 months?

In October 2024, the price of silver was Rs 1 lakh per kg, which took 14 months to reach Rs 2 lakh (December 2025). On the contrary, between December 2025 and January 19, 2026 – in just one month – silver crossed the Rs 2 lakh mark to Rs 3 lakh mark. In the last two trading sessions alone, a rise of Rs 32,187 (11.18 percent) has been recorded in the prices of silver.

What is the meaning of February and March delivery?

In the futures market i.e. MCX, ‘February and March delivery contracts’ refer to those agreements whose settlement or physical delivery is to be done on specified future dates. In simple words, investors enter into a deal at a fixed price as of today, but its final maturity is either February (in this article for gold) or March (in this article for silver). The record prices mentioned in the current news – like silver crossing Rs 3 lakh – are the prices of these ‘active contracts’. Investors generally trade in ‘near-month contracts’ as these have the highest liquidity. That is why the prices of February contract for gold and March contract for silver are under discussion.

Read :- Gold Silver Rate: Slight increase in gold price, silver becomes cheaper, know the price of major cities

According to experts, many macroeconomic and geopolitical factors are at work behind this explosive rise in gold and silver.

Geopolitical crisis: Rising tensions with Iran, US military pressure in Venezuela and uncertainties related to NATO following President Donald Trump’s comments on Greenland have made ‘Global Risk Sentiment’ fragile.

Supply-Demand Gap: Industrial demand for silver (solar power, EV and electronics) is continuously increasing, while shortage is being seen in supply.

Portfolio Insurance: Pankaj Singh, Founder, Smart Wealth AI, says investors are looking at bullion as ‘portfolio insurance’ rather than a ‘momentum trade’ amid global growth rate uncertainty.