Silver Rate in India Reclaims Rs 2 Lakh Mark on 15 Dec; 4 Factors Fuelling The Rally | Check Outlook

Silver Rate in India: Silver prices in India jumped sharply on Monday, December 15, reclaiming the Rs 2 lakh per kg level. The rally comes as silver rates on the Multi-Commodity Exchange (MCX) and in the international market remain firmly on track to hit fresh record highs, supported by strong bullish momentum across metals.

The strong demand for precious metals is the result of a mix of factors, including strong industrial demand, supply side constraints and persistent buying by the central banks.

Silver Rate in India

The price of silver in India jumped to Rs 200.9 per gram and to Rs 2,00,900 per kilogram on Monday, December 15. The prices have jumped nearly more than 50% since the beginning of the year 2025. Experts believe that the silver prices may continue their bullish trajectory next year as well.

MCX Silver Rate Today

The price of silver futures, with March expiry, were trading 2.49% higher at Rs 197648 per kilogram at 1:08 pm on Monday. The silver future contract had surged to an intraday high of Rs 197829 per kilogram. Silver futures with February expiry had touched an intraday high of Rs198486 per kilogram.

International Silver Rate Today

Silver climbed above $63 per ounce on Monday, putting the metal on track for fresh records, with prices about 120% higher in 2024 amid tight supplies and strong industrial interest.

Analysts said the rally has been supported by shrinking inventories, its addition to the US critical minerals list, and heavy demand from solar, electric vehicles and data centre construction.

Why Are Silver Rates Rising?

The massive utility of silver in the green energy sector, semiconductor sector and even in the automobile industry has led to a sharp surge in its demand over the past few months.

Another reason behind silver price rally is the supply side constraint. The silver supply remained in deficit over the past one year compared to its existing demand, according to experts.

The heightened retail investors interest in the precious metal due to the geopolitical uncertainty, and trade tensions has also increased the appeal for the white metal.

Just like gold, silver is also seeing a strong demand from central banks of different nations. The central bank buying trend has also further strengthened the demand for the white metal.