silver mcx price

Silver MCX Crashes 27% Before Budget 2026

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Silver mcx 

“From record highs to reality check — silver feels the heat.”

Table of Contents

📉 Current MCX Silver Price

Silver MCX futures witnessed a brutal sell-off ahead of India’s Union Budget 2026. As of February 1, 2026 (around 4:16 AM IST), MCX Silver (March 2026 expiry) is trading sharply lower.

  • Current Price: ₹2,91,922 per kg
  • Fall: ₹1,07,971 (-27%)
  • Previous Close: ₹3,99,893 per kg
  • Opening Price: ₹3,83,898
  • Day’s High: ₹3,89,986
  • Day’s Low: ₹2,91,922 (Lower Circuit)

⚡ Recent Volatility Explained

Silver had surged to lifetime highs above ₹4 lakh per kg last week, supported by geopolitical tensions, a weak US dollar, and strong safe-haven demand. In just the first 20 days of January, silver jumped over 35% (₹85,000 per kg).

However, easing global tensions and optimism around US–India trade talks triggered sharp profit-booking. Globally, spot silver slipped 31.4% to $78.53 per ounce, while gold also corrected heavily on renewed dollar strength after US Fed updates.

🔍 Key Drivers Behind Today’s Crash

  • Heavy profit-booking after record-breaking rally
  • Stronger US dollar post-Federal Reserve signals
  • Shift in rate-cut expectations amid Fed reshuffle talks
  • Higher margin requirements by MCX (up to 16.5%)
  • Uncertainty ahead of Union Budget 2026 (import duty risk)

Notably, MCX even held a rare Sunday trading session to manage Budget-related volatility.

📊 MCX Silver Trading Stats

Metric Value
Previous Close ₹3,99,893/kg
52-Week Low / High ₹1,09,741 – ₹4,20,048
Spot Silver Price ₹90,951/kg
Average Price ₹3,46,584/kg
Volume 28,494 lots
Open Interest 8,193 lots

🔮 Outlook: Is This a Buying Opportunity?

Market experts believe the sharp correction may open doors for long-term dip buyers, with strong support seen near ₹3 lakh per kg. Industrial demand from renewable energy, electronics, and silver’s role as an inflation hedge continue to support the metal structurally.

Key triggers to watch ahead:

  • Union Budget 2026 import duty announcements
  • US jobs data and inflation numbers
  • Federal Reserve policy signals
  • Geopolitical developments

Despite today’s crash, silver closed January up 30.5%, gaining nearly ₹73,000 per kg — a reminder that volatility cuts both ways.


Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.

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MCX Gold Hits Record Highs: Is ₹1.7 Lakh the Next Stop?

by

MCX Gold 

When uncertainty rises, gold shines brighter.


📌 Table of Contents

✨ MCX Gold Price Overview

MCX gold prices surged to all-time highs in late January 2026, fueled by strong global demand,
safe-haven buying, and growing expectations of US Federal Reserve rate cuts.
On January 29, 24K gold touched nearly ₹1,67,080 per 10 grams, marking a historic milestone
for Indian bullion markets.

📊 Current MCX Gold Levels

Gold futures on the Multi Commodity Exchange (MCX) continued their bullish momentum, supported by heavy volumes
and rising open interest — a clear sign of sustained trader participation.

Category Price
MCX Gold (Feb Expiry) ₹1,61,035 / 10g (+2.12%)
Day’s High ₹1,62,429
Day’s Low ₹1,59,900
Spot 24K Gold ₹16,708 / gram
Spot 22K Gold ₹15,315 / gram

Daily gains for 24K gold stood at ₹513, while trading volume jumped to
93,300 lots with open interest at 8,896.

Gold has delivered an explosive rally over the past week. Prices climbed nearly
₹2,000 per 10 grams, translating into a sharp 13% jump from January 22 levels.

Date 24K Gold (₹/10g) Change
Jan 29 ₹1,67,080 +₹513
Jan 28 ₹1,67,080 —
Jan 27 ₹1,61,950 +₹1,130
Jan 25 ₹1,60,260 +₹1,110

Year-to-date, MCX gold has surged over 27% from its 52-week low of
around ₹98,169, highlighting gold’s renewed dominance as a defensive asset.

🌍 What’s Driving the Gold Rally?

  • Safe-haven demand amid rising geopolitical tensions
  • Weaker US dollar boosting global gold prices
  • US Fed rate cut expectations increasing non-yielding asset appeal
  • Policy uncertainty around potential Trump-era tariff moves

Globally, Comex gold hovered near $5,500 per ounce, rising almost
4% in recent sessions — adding strong tailwinds to domestic prices.

🔮 Market Outlook & Key Resistance

Analysts remain bullish on gold in the medium term, especially if the US Federal Reserve
signals a softer interest rate stance. However, traders advise caution near the
₹1,70,000 resistance zone due to potential volatility from equity market rallies
or sudden dollar strength.

Silver also joined the rally, with MCX silver prices jumping to
₹3,87,640 per kg, up nearly 4.64%, reinforcing the broader precious metals uptrend.

 

With macro uncertainty still high, gold continues to glitter — but sharp moves ahead mean disciplined trading is key.

 

Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.

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Silver on Fire! India Sees Record High Prices as Demand Explodes in 2025

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Prices 

Silver isn’t shining anymore — it’s blazing 🔥

Silver prices in India continue to stay unexpectedly high on December 29, 2025, surprising investors, jewellers, and everyday buyers alike. Driven by strong global cues, rising industrial demand, and inflation fears, silver has officially become one of the hottest commodities of 2025.

Across the country, spot silver prices are hovering between ₹258 to ₹263 per gram, marking near-record levels after prices nearly doubled in just one year. This sharp rise is not just market noise — it reflects a powerful shift in how silver is being valued worldwide.

Today’s Silver Price in India

At the national level, silver is trading around ₹258 per gram or ₹2,58,000 per kilogram. Major cities are showing similar strength:

  • Delhi: ₹263.15 per gram (unchanged from yesterday)

  • All-India Average: ₹258–263 per gram

This stability at elevated levels signals strong buyer confidence despite high prices.

Silver Rate in Patna Today

In Patna, silver prices are closely tracking national trends:

  • Standard purity: ₹240.42–₹240.46 per gram

  • 10 grams: Around ₹2,404

  • 1 kilogram: Nearly ₹2,40,460

Lower purity silver (like 999 fineness) is trading near ₹223 per gram. Minor local premiums apply due to jewellery demand and industrial buying across Bihar.

What’s Driving Silver Prices So High?

Globally, silver recently touched $79 per ounce, hitting all-time highs. The reasons are powerful:

  • Massive demand from solar panels, electronics, and EVs

  • Weak US dollar and expected Federal Reserve rate cuts

  • Rising geopolitical tensions boosting safe-haven buying

  • Falling rupee making silver imports costlier for India

On MCX, silver futures remain bullish, with traders actively using silver as an inflation hedge.

What’s Next for Silver in 2026?

Market experts expect continued volatility, but the long-term outlook remains positive. Over 50% of retail investors now prefer silver over gold, a trend rarely seen before. Patna prices may fluctuate daily by 1–2% based on local charges, so buyers should stay alert.

Silver is no longer just a metal — it’s a movement. And in 2025, it’s clearly stealing the spotlight. 🚀

Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.

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