Silver Hits Record High at ₹2,13,844/kg as Gold Touches $4,391

Silver prices surged to a fresh lifetime high on Monday, December 22, 2025, extending their strong rally after gold climbed to record levels. Rising expectations of US interest rate cuts and strong safe-haven demand lifted precious metals.

On the MCX, silver March futures rose 2.39% to ₹2,13,412 per kg around 9:15 am, after touching a record high of ₹2,13,844 per kg earlier in the session. Gold futures for February delivery also remained firm, gaining 0.77% to ₹1,35,224 per 10 grams.

Global Precious Metals Rally

In the international market, spot silver jumped 2.7% to an all-time high of USD 69.23 per ounce. Spot gold climbed 1.2% to a new record of USD 4,391.92 per ounce.

The rally was not limited to silver and gold:

• Platinum surged 4.1% to USD 2,054.25, its highest level in over 17 years
• Palladium rose 4% to USD 1,781.32, a near three-year high

Read More, Gold Price Hit-All Time on December 22 on Rate Cut by US Fed: World Gold Council Expects a Suprise in 2026!

Why Are Silver Prices Rising Sharply?

Silver has gained nearly 138% year-to-date, clearly outperforming gold. The rally is supported by strong investment inflows, tight physical supply, and rising industrial demand.

Concerns have also grown after reports that China may restrict silver exports from 2026, especially as Chinese inventories are already at decade-low levels.

Conclusion

Silver’s move to record highs is being driven by gold’s strength, expectations of US rate cuts, tight global supply, and rising industrial and investment demand. 

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