Jagran correspondent, Agra. The shine of silver is increasing once again. Since Diwali till now, the spot price has increased by Rs 33 thousand per kg and on MCX the price has increased by Rs 45 thousand per kg. Due to this, the price on MCX has become Rs 200900 and spot price has become Rs 1.93600 per kg. For the first time, silver has crossed Rs 2 lakh and the prices have reached all time high. This has caused instability in the market.
Increase of Rs 6800 per kg on MCX, spot price crosses Rs 1.93 lakh
The market is volatile due to global instability and tariffs imposed by the US. The increasing use of silver in the industrial sector and the increasing inclination of central banks and investors of various countries towards it is continuously increasing its prices. In such a situation, the market which had broken before Dhanteras has again gained momentum from November 25.
Silver traders are making these speculations
Silver traders are making different speculations and further increase in prices is being predicted. Anand Prakash, director of Abhushan Jewellers, says that investment in silver has increased rapidly. It is also being used in appliances. The race to cross Rs 2 lakh was mentioned in the first week of November itself, which has reached MCX. The spot market is also lagging behind and the market is estimating the price to rise further rapidly. By the middle of the year 2026, it can cross 2.25 lakh and 2.5 lakh. Central banks have also started investing in silver, this is also a big reason.
Price increase of 33 thousand in spot and 45 thousand per kg on MCX from Diwali till now
Silver trader and Agra Bullion Association President Nitesh Aggarwal said that there is a continuous difference in the price and new speculations are being made. After America's 50 percent tariff came into effect, silver has started racing to reach Rs 1.25 lakh per kg. The market is estimating this race to be longer.
Braj Mohan Rapuria, President of Agra Bullion Manufacturers Association, says that increasing investors, industrial experimentation as well as global instability are increasing the prices of silver. The market became volatile in the evening after hitting all-time high prices on spot and MCX.