Silver price today: Rates smash records, up 131% in 2025; check prices in your city

Silver continues to set record highs, fueled by industrial demand. The domestic futures price of silver on MCX peaked at Rs 2,15,883 per one kilogram of 999 purity on December 23 (10:24 am IST), representing a 1.42 percent surge from its previous close of Rs 2,12,872.

The white metal’s previous peak performance on MCX was recorded at Rs 2,14,583 on December 22.

The spot price of silver also surged just above $69 an ounce on Tuesday, up 0.73 percent in a day and up 9.09 percent in a week.

Why are silver prices rising?
According to the Augmont Bullion report published on December 22, silver’s futures contract has increased 131 percent this year, reaching $69.5, breaking 15 records in the process.

“Mining disruptions and limited current silver inventories are causing severe supply shortfalls, driving prices higher. Potential interest rate reduction in the United States and a lower dollar are expected to continue to boost speculator demand for silver, not to mention any geopolitical tensions that would generate keener safe-haven demand for silver,” the report stated.