Silver Rate Today Creates History! MCX Marks All-Time High; Global Price Breaks $61/oz Mark Ahead of FOMC Meet

Silver Rate Today: There was a sharp surge in the prices of silver in India on Wednesday, December 10, as the overall sentiment around precious metals remained cautious ahead of the upcoming United States Federal Open Market Committee (FOMC) meeting.

The international silver price as well as silver rate on multi commodity exchange (MCX) surged to record-high mark on Wednesday. The sharp jump in silver rate today is part of a wider bullish sentiment around the precious metal since the beginning of the year. Silver rate in India has surged over 65% since the beginning of the year 2025.

Silver Rate in India

The price of silver in India jumped over Rs 9 per gram to Rs 199 per gram. Whereas the rate of silver in India increased to Rs 1,99,000 per kilogram on Wednesday, as per GoodReturns data. As per the GR data, domestic silver rate has skyrocketed to a one-year high mark of Rs 1,99,000 per kilogram on Wednesday, December 10. The last record-high mark of domestic silver was Rs 1,90,000 per kilogram, touched on October 15. In addition to silver rate in India, gold prices in India also saw a sharp jump on Wednesday, due to its safe-haven rally.

Silver Rate MCX

The MCX silver rate today also saw sharp life-time record high jump on Wednesday. MCX silver futures, with March 2026 expiry, touched an all-time high of Rs 191800 per kilogram. The futures mark had touched an intraday low of Rs 188959 per kilogram.

The sharp surge in silver prices is supported by stable cues in global manufacturing and supply side constraints as well, according to expert.

"The metal remains supported by stable cues in global manufacturing but sees traders adopting a more measured stance ahead of fresh macro updates. Broader commodity trends are expected, especially energy and base metals, to determine the momentum today. With the sentiment moderately constructive, silver could see a steady range while markets assess how industrial demand is likely to evolve this week," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

International Silver Rate Today

The international silver prices also saw a sharp jump on Wednesday. The international silver rates touched a new record high after climbing above $61 per ounce, as per Trading Economics. Silver's massive utility in superior electrical and thermal conductivity and its strong demand in the solar energy, electric vehicles and related infrastructure has further strengthened its demand.