Silver prices on the Multi-Commodity Exchange (MCX) reached a significant milestone, crossing ₹3,00,000 per kg for the first time.
The surge follows rising geopolitical uncertainties, particularly surrounding proposed tariff plans targeting several European nations.
On January 19, 2026, silver hit ₹3,01,315 per kg on MCX, marking the first occurrence of the metal breaching the ₹3,00,000 mark.
The rise comes amid global market sensitivity to political developments. Concerns were triggered after Donald Trump announced a 10% tariff on 8 European countries resisting his Greenland proposal. The tariff is scheduled to increase to 25% by June.
Such developments have heightened investor demand for safe-haven assets, pushing up prices across the precious metals segment. Silver in international markets also saw gains, jumping 3.2% to reach $94.1213 per ounce, after previously trading at $93.0211.
The effects of trade uncertainty have not been limited to silver. Spot gold recorded a 1.6% increase, climbing to $4,668.76 per ounce.
At one point, it peaked at $4,690.59. Other metals such as platinum and palladium experienced similar upward movements, reflecting broader investor sentiment.
Read More: India’s Silver Imports Skyrocket 129% Amid Supply Shortage and Record Prices!
The tariff action proposed by the former US President has particularly impacted trade relations with countries like France, Germany, and the United Kingdom.
With the 10% tariff effective from February 1 and set to rise to 25% by June, market response has included a shift towards assets like silver and gold considered relatively stable during periods of uncertainty.
Silver surpassing ₹3,00,000/kg on MCX reflects a strong response to global trade and geopolitical developments. Increased market demand for precious metals amid tariff tensions has contributed to the rise, alongside concurrent growth in gold and other related commodities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.
Published on: Jan 19, 2026, 11:55 AM IST
Team Angel One
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