MCX Silver Crosses ₹1.70 Lakh Ahead of Dhanteras 2025

Silver prices on the MCX reached ₹1,70,415 per kilogram for December 2025 futures on October 17, reflecting a 1.18% daily increase.

October gains total nearly 20% as both festival season demand and industrial consumption push the metal higher. Domestic and global factors are contributing to sustained interest in silver.

Silver Price Movement

The December 2025 MCX futures contract climbed by ₹1,977, or 1.18%, to reach ₹1,70,415 per kilogram. This represents a nearly 19.8% increase since September 30, when silver closed at ₹1,42,145. The sharp monthly rise highlights ongoing demand pressures in both investment and industrial sectors.

Factors Driving Demand

Silver’s recent gains are influenced by multiple factors:

• Industrial Use: Growing demand in solar panels, electronics, and electric mobility is providing structural support to prices.
• Festive Buying: Domestic purchases increase during the festival season, adding short-term demand.
• Global Market Activity: Central bank buying and industrial restocking internationally contribute to the rally.

Silver’s dual role as both an industrial and investment metal differentiates it from gold, with domestic imports expanding to meet rising industrial requirements.

Historical Context and Performance

Historically, silver has experienced significant volatility, yet its long-term trajectory reflects steady industrial adoption. Between 2023 and 2025, silver delivered an annualised return of 32.92% with a volatility of 24.66%. Its price movement remains closely correlated with gold (correlation 0.95), though industrial demand has increasingly influenced its trend.

Read More: Silver Supply Tightens in India as Global Demand Remains Robust.

Conclusion

Silver on the MCX has reached a significant level of ₹1,70,415 per kilogram, driven by industrial requirements and festive demand. Its performance reflects both domestic and global factors, and market attention will focus on whether prices consolidate or continue to rise in the coming months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.