Silver Price Today: On Monday (January 19), MCX silver futures for March delivery surged by ₹13,553, or approximately 4.71%, to a record high of ₹3,01,315 per kilogram. This marked the first time that silver futures in Indian markets crossed the ₹3 lakh mark.
On the Multi Commodity Exchange (MCX), silver futures for March delivery rose by ₹13,553, or 4.71%, to a record high of ₹3,01,315 per kilogram.
In the international market, the March silver futures contract rose by $5.81, or 6.56%, to a record high of $94.35 per ounce.
Silver prices in futures trading on the Multi-Commodity Exchange (MCX) have indeed crossed ₹3 lakh per kilogram as of January 19, 2026.
This sharp surge is in line with strong global cues:
International silver futures (March contract) rose by 6.56% to a record high of $94.35 per ounce.
Key drivers include robust industrial demand (from clean energy sectors such as solar, electronics, EVs, and AI-related applications), safe-haven buying amidst geopolitical tensions and trade uncertainties (such as US tariff threats on European countries), and a weaker US dollar supporting precious metals.
Silver has outperformed gold in recent sessions, exhibiting higher volatility and momentum.
Spot/physical silver rates in India are also high, reportedly around ₹3,05,000 per kilogram (or ₹305 per gram) in some retail/physical markets today, although futures prices may vary slightly due to contract specifications, premiums, and delivery expectations. (The images above provide visual information about precious metals and their recent price surge, showing silver bars/ingots and market charts.)
Analysts say the outlook remains bullish due to structural demand and supply issues, but short-term corrections are possible due to profit-taking after such a rapid rise. If you are tracking investments or physical purchases, keep a close eye on live MCX quotes and global spot prices, as they can fluctuate rapidly.