MCX Silver Hits Record ₹1,90,374/kg; Gold Holds Steady Above ₹1.30 Lakh

Silver prices on MCX surged to an all-time high of ₹1,90,374 per kg on 10 December 2025, while gold held above ₹1.30 lakh per 10 grams.

Internationally, silver exceeded $60 per ounce for the first time, supported by expectations of a US Federal Reserve rate cut. Both metals remained well-bid, reflecting robust market fundamentals and investor interest.

Global and Domestic Market Performance

Silver extended gains internationally, climbing to $61.48 per ounce, following a rapid rally from $50 just 12 trading sessions ago. 

On MCX, February gold futures settled at ₹1,30,107 per 10 grams, up 0.11%, while March silver futures closed at ₹1,88,064 per kg, gaining 3.48%. The US Dollar Index remained near 99.23, influencing trading sentiment.

Factors Driving the Rally

As per news reports, tight physical supply and strong industrial demand contributed to silver’s surge. 

Gold also maintained support above $4,200 per ounce internationally.

Traders are closely monitoring comments from Fed Chair Jerome Powell, as any deviation in policy tone could influence precious metal prices further.

Gold Prices in Key Indian Cities

Read More: India’s Shifting Gold Landscape in 2025 as Younger Investors Boost ETF Demand.

Conclusion

Silver’s record high and gold’s steady performance on MCX reflect strong demand, limited supply, and anticipation of US monetary policy changes.

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.