Has Silver Surged Past Rs 2 Lakh/kg with Gold Prices Jumping Nearly 2%?
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Synopsis
In a remarkable surge, silver prices have soared past Rs 2 lakh per kg on the Multi-Commodity Exchange, reaching an all-time high. Gold prices also witnessed a significant increase. This article explores the latest trends and market dynamics affecting these precious metals.
Key Takeaways
- Silver prices have reached a new high of Rs 2,013.88 per kg.
- Gold prices have increased by 1.87%.
- Silver's price surge indicates a potential long-term uptrend.
- International silver prices have surpassed $64 per ounce.
- Investor confidence is reflected in the rising prices of precious metals.
New Delhi, Dec 12 (NationPress) Silver has surged past the Rs 2 lakh threshold, reaching a record high of Rs 2,013.88 per kilogram on the Multi-Commodity Exchange (MCX) during Friday's intraday trading.
The future contract set to expire on March 5, 2026, saw an increase of over Rs 2,400 throughout the day, ultimately closing at Rs 2,004.62, marking an increase of Rs 1,520 compared to the previous session's closing of Rs 1,98,942.
The retail market for the precious metal also experienced a significant surge, climbing from Rs 8,000 to Rs 1,95,180 per kg. According to the Indian Bullion Jewellers Association (IBJA), silver concluded at Rs 1,86,988 per kg on Thursday.
Silver continued its impressive run in 2025, following a remarkable return of over 20 percent in 2024. This year marked its highest annual gain of over 100 percent since 1979.
According to Axis Securities, “Silver has emerged from a prolonged consolidation phase, indicating the initial steps of a long-term structural uptrend. The monthly chart reveals a significant Rounding Bottom breakout formation spanning from 2011 to 2025.”
On the international front, silver prices surpassed the $64 per ounce mark.
The report added, “The white metal has surpassed the neckline resistance at the $50 level and surged to a new record high of $64.”
Furthermore, the report indicated that silver has decisively broken out of a decade-long bottoming structure.
“A sustained monthly closure above $67 could initiate a multi-year uptrend targeting $76–$80. While consolidation may occur near resistance around $65, the overall long-term structure remains strongly bullish,” noted the domestic brokerage firm.
Meanwhile, the future contract for gold set to expire on February 5 increased by 1.87 percent, closing at Rs 1,34,948 per 10 grams on MCX. In the retail market, the price of 24-carat gold settled at Rs 132,710 per 10 grams, rising over Rs 4,600 from the previous day's closing of Rs 1,28,596, according to IBJA.
Point of View
The surge in silver and gold prices reflects significant market dynamics. As the nation continues to navigate economic challenges, the rising prices of these precious metals indicate investor confidence and a potential shift in market stability. It’s essential to keep a close watch on these trends as they may affect economic policies and consumer behavior moving forward.
NationPress
13/12/2025
Frequently Asked Questions
What is the current price of silver?
As of December 12, silver has reached an all-time high of Rs 2,013.88 per kilogram on the Multi-Commodity Exchange.
Why are silver prices rising?
Silver prices are increasing due to a combination of market demand, investor confidence, and a significant breakout from a multi-year consolidation phase.
How is gold performing in the market?
Gold prices have surged by 1.87 percent, closing at Rs 1,34,948 per 10 grams on the Multi-Commodity Exchange.
What does the future hold for silver and gold prices?
Analysts suggest that silver could see further increases if it maintains a monthly close above $67, potentially targeting prices between $76 and $80.
What factors influence precious metal prices?
Prices are influenced by market demand, economic conditions, geopolitical factors, and investor sentiment.
