Silver Rate Today Turns Explosive! Smashes Rs 2.5 Lakh Barrier in Bengaluru, Delhi, Mumbai, Chennai, Hyderabad

Silver Rate Today: The mind-blowing rally in silver prices in India and across global markets has left investors spellbound, prompting many to rejig their portfolios. Extending its ultra-bullish momentum, silver prices in India climbed further on Saturday, December 27, scaling yet another fresh record high.

Domestic prices of silver in India has surged significantly over the past one week, whereas Silver rates on Multi Commodity Exchange (MCX), and Commodity Exchange (COMEX) also stand at their record-high mark.

Silver Rate Today

The price of silver in India surged to Rs 251 per gram and to Rs 2,51,000 per kilogram on Saturday, December 27. Silver prices in India are currently priced at their record-high mark as the white metal continues to break back-to-back records.

"Silver prices remain above the ₹2 lakh mark and continue to climb, supported by strong upward momentum. The reason for its rising price is its link to gold. The metal is benefiting from gold's strength while also attracting interest tied to clean energy and manufacturing themes. The volatility level is increasing with such high prices; however, silver is retaining its gains with conviction from investors. This is leading to an overall optimistic market," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Silver Rate Today in Bengaluru, Mumbai, Delhi, Chennai, Hyderabad, Other Indian Cities

City	10 gram	100 gram	1 Kg
Chennai	₹2,740	₹27,400	₹2,74,000
Mumbai	₹2,510	₹25,100	₹2,51,000
Delhi	₹2,510	₹25,100	₹2,51,000
Kolkata	₹2,510	₹25,100	₹2,51,000
Bangalore	₹2,510	₹25,100	₹2,51,000
Hyderabad	₹2,740	₹27,400	₹2,74,000
Kerala	₹2,740	₹27,400	₹2,74,000
Pune	₹2,510	₹25,100	₹2,51,000
Vadodara	₹2,510	₹25,100	₹2,51,000
Ahmedabad	₹2,510	₹25,100	₹2,51,000

MCX Silver Rates

The MCX Silver futures continued to trade near their record-high mark throughout the week. MCX Silver futures touched a new peak of Rs 2,39,397 per kg on Friday, December 26. The sharp rally in silver on MCX has come against the backdrop of heightened investors sentiment around the precious metal after the United States Federal Reserve rate cut.

International Silver Rate Today

The bullish sentiment around the precious metal fuelled the Silver COMEX rate to record high mark of $76-$80 per ounce on Friday. As per Trading Economics, international silver rate today topped $76 per ounce for the first time ever in the history.

The sharp surge has come after US President Donald Trump announced a blockade on Venezuelan oil tankers, concerns over potential disruptions to global supply. Additionally, persistent central bank buying of silver, strong industrial demand, investors' safe-haven buying, and supply side constraints are further adding pressure to silver prices.

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