MCX Silver prices in India hit a historic high of ₹1,20,000 per kg as US tariffs impact Indian exports. Gold prices also rise. Here’s why precious metals are climbing.
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MCX Silver Hits New All-Time High in Delhi
MCX Silver prices have once again made headlines, climbing to an unbelievable ₹1,20,000 per kilogram in the national capital. The surge of ₹2,000 on Wednesday comes right after the US imposed steep tariffs on Indian goods. With this, investors are rushing toward safe-haven assets like silver and gold.
Just a day earlier, silver had already shown strong momentum, jumping ₹3,000 to settle at ₹1,18,000 per kg, according to the All India Sarafa Association.
Gold Prices Also See a Strong Rise
Precious metals are not stopping at silver—gold is also shining brighter.
- Gold 99.9% purity rose by ₹500, now trading at ₹1,01,270 per 10 grams (inclusive of taxes).
- Gold 99.5% purity moved up by ₹400, standing at ₹1,00,800 per 10 grams.
Both variants showed positive momentum compared to Tuesday’s levels.
Why Are Silver and Gold Rising?
Impact of US Tariffs
The US tariffs on Indian products have shaken market sentiment. Whenever uncertainty hits the economy, investors usually flock to safe assets like gold and silver.
Political Tensions in the US
Another factor adding fuel to the fire is US political uncertainty. President Donald Trump’s decision to dismiss Federal Reserve Governor Lisa Cook has raised concerns about the Fed’s independence. This move is making global investors nervous, and precious metals are gaining as a result.
What This Means for Investors in India
If you’re an investor in India, these price hikes are a reminder that precious metals remain a reliable hedge against uncertainty. With both silver and gold showing upward momentum, many traders and households may consider this as a time to secure their wealth through bullion.
However, remember that such rapid surges can also see corrections. Keeping a long-term perspective is always wise.
👉 In short, silver hitting ₹1,20,000 per kg is a milestone moment, driven by global politics and tariff tensions. Gold too is on a steady upward path, making both metals the talk of the market this week.