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Silver futures vault past ₹4 lakh per kg in record sprint
Business Standard
|January 30, 2026
Amid a rush by investors towards safe-haven assets, silver futures on the Multi Commodity Exchange (MCX) for March delivery crossed the ₹4 lakh per kg mark on Thursday, rising more than 7 per cent to touch an intraday high of about 4,16,113 a kg.
Gold futures also climbed past the ₹1.80 lakh per 10 gram level earlier in the session, before easing slightly to trade around ₹1.75 lakh.
The white metal had breached the ₹3 lakh a kg mark in the futures market only on January 19 this year, barely a month after topping ₹2 lakh on December 17, 2025.
Silver rally: Unwinding of speculative premiums may trigger correction II, 2 The rally from 3 lakh to 4 lakh akg on the MCX took just seven trading sessions, marking the fastest 1 lakh jump on record for silver, according to market data. In international markets, spot silver prices moved above $119 an ounce. So far this year, silver has delivered returns of more than 66 per cent, driven by geopolitical tensions, tariff disputes and concerns over supply.
In India, spot silver was priced at 3,79,988 per kg, up nearly 65 per cent year to date.
This story is from the January 30, 2026 edition of Business Standard.
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