In a significant development for commodity markets, silver prices have surged to a 12-year high, breaching the ₹1 lakh mark per kilogram for the first time in over a decade. On May 5, 2025, the Multi Commodity Exchange (MCX) saw silver prices jump by more than ₹2,500 within a single trading session, driven by strong global demand and investor interest in precious metals.
As of 3:22 PM, silver prices had increased by ₹2,587, marking a 2.55% intraday rise. By 3:38 PM, silver was trading at ₹1,01,499 per kilogram on MCX. During the day’s session, silver touched an intraday low of ₹1,01,320 and a high of ₹1,04,224, indicating sharp volatility and strong bullish momentum.
The recent rally in silver is attributed to rising industrial demand, especially from sectors like solar energy, electronics, and electric vehicles, where silver is a key component. In addition, geopolitical tensions, inflationary fears, and a weaker US dollar have prompted investors to seek safer assets, further driving up prices.
Market analysts suggest that silver may continue to see upward movement in the short term, especially if global macroeconomic uncertainties persist. The surge is also impacting jewellers and manufacturers who rely heavily on silver as a raw material.
