Gold and silver prices reach record highs; silver rises by Rs 14,000 to cross Rs 3 lakh mark for first time: price increased from Rs 2 lakh to Rs 3 lakh in one month
Silver prices reached Rs 3 lakh per kilogram on MCX today, January 19th. amidl uncertainties and increased investment demand, gold and silver reached all-time highs on Monday. This represents a surge of over Rs 14,000. On Friday, silver was trading at around Rs 2.87 lakh.
Silver prices have rose from Rs 2 lakh to 3 lakh in just one month.
On the Multi Commodity Exchange (MCX), gold futures rose by Rs 2,703 to Rs 1,45,220 per 10 grams on Monday. This is the first time it has crossed the Rs 1,45,000 mark. Silver futures witnessed a jump of Rs 15,381 and reached Rs 3,03,143 per kilogram, a massive increase of 5.35 percent.
Satish Dondapati, fund manager at Kotak Mutual Fund, said that the increasing global uncertainty surrounding the Greenland issue has driven up the prices of both precious metals. Additionally, limited supply, a weaker dollar, and strong investment and industrial demand are also contributing factors.
He said that the price of silver has increased by 170 percent in the last year. Gold has also become 70 percent more expensive. Both are considered safe-haven investments. As an industrial metal, silver is rising even faster in the current macroeconomic environment.
It is noteworthy that gold and silver prices have been on an upward trend for some time. While the demand for gold jewelry in India has decreased, investment demand remains high. Meanwhile, industrial demand for silver is at an all-time high.
Silver first reached Rs 2 lakh per kilogram on MCX around December 15, 2025. This means it took only one month for silver to rise from Rs 2 lakh to Rs 3 lakh. In contrast, it took 9 months to go from Rs 1 lakh to Rs 2 lakh, and 14 years to go from Rs 50,000 to Rs 1 lakh.