Silver prices hit yet another record on Wednesday, soaring to ₹1.11 lakh per kilogram on the Multi Commodity Exchange (MCX) amid robust industrial demand and bullish market sentiment.
Silver July futures reached ₹1,09,748/kg, surpassing Tuesday&rsquo;s peak, while September contracts touched ₹1,11,000/kg &mdash; marking nearly a 25% surge from the recent low of ₹88,050/kg.
Analysts remain optimistic about silver&rsquo;s outlook, pointing to reviving industrial demand as a key driver. Many recommend silver as a strong medium-term investment opportunity.
In contrast, gold slipped for the second session in a row, with August futures falling 0.2% to ₹99,329 per 10 grams. This decline comes just days after gold briefly crossed the ₹1 lakh milestone for the first time.
The gold-silver ratio, a key indicator of the relative value between the two metals, has now dropped to around 91, down from over 100 in April and May &mdash; signalling silver&rsquo;s growing strength compared to gold.
Markets are currently in a wait-and-watch mode ahead of the US Federal Reserve&rsquo;s interest rate decision, due later on Wednesday. Rising geopolitical tensions between Iran and Israel, as well as ongoing trade discussions, are also influencing precious metals.
Despite short-term weakness, Tata Mutual Fund remains bullish on gold for the long term, citing strong central bank buying and dovish signals from the Fed.
Jateen Trivedi of LKP Securities noted that gold is likely to trade between ₹98,500 and ₹1,00,500 in the near term, depending on policy cues and global risk sentiment.
[Except for the headline, this article has not been edited by the Benefit News editorial team and is published directly from the IANS news feed.]
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Silver Hits ₹1.11 Lakh/Kg, Races Ahead of Gold in Bull Run

Silver surges to fresh all-time highs as industrial demand rises; gold dips amid Fed rate concerns

Silver Hits ₹1.11 Lakh/Kg, Races Ahead of Gold in Bull Run

Silver surges to fresh all-time highs as industrial demand rises; gold dips amid Fed rate concerns

June 18, 2025 | 19:36 IST