Silver rate today: Silver prices surged by Rs 7,000 on Monday to touch a record Rs 1,50,000 per kilogram in the national capital, marking a fourth consecutive session of gains, driven by robust global demand and safe-haven buying, according to the All India Sarafa Association.The white metal had ended the previous session at Rs 1,43,000 per kilogram. Spot silver overseas rose over 2% to $ 47.18 per ounce, while silver futures for December delivery on the MCX jumped Rs 2,290 to Rs 1,44,179 per kilogram, PTI reported. The March 2026 contract climbed Rs 2,559 to Rs 1,45,817 per kg.Silver’s rally this year has been particularly strong, surging Rs 60,300, or 67.22%, from Rs 89,700 per kg on December 31, 2024. Analysts said the white metal benefited from safe-haven buying, industrial demand—especially for solar panels and technology—and tightening supply.“The rate cuts by the US Federal Reserve make it more attractive to hold non-yielding assets such as gold, with central banks still aggressively buying in. Uncertainty in geopolitics and macro risks are directing investors into safe haven asset,” said Trivesh D, Chief Operating Officer at brokerage firm Tradejini, PTI quoted him as saying.Trivesh further said silver’s rally is even more spectacular, up 55 per cent this year, trading higher than $ 46 per ounce, driven by strong industrial demand, particularly in solar panels and technology.“Supply deficits are tightening the market further and we can even expect ballistic moves higher if demand keeps accelerating. It is a classic case of precious metals thriving when uncertainty runs high,” he addedMarket observers said global uncertainties, including US tariffs on imports effective October 1, and expectations of Federal Reserve rate cuts, are fuelling investor interest in precious metals.
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