Silver Surges to Rs 2.38 Lakh per Kg as Global Prices Climb

Silver entered the week on a strong note, posting gains both internationally and in India. COMEX listed the metal at USD 65.720 per ounce, a 0.94 % increase, while the MCX price jumped to Rs 2,37,841 per kilogram, up Rs 1,917.

The rise reflects broader optimism in the bullion market, where investors are seeking safe‑haven assets ahead of upcoming economic data releases. The price movement was uniform across major Indian hubs. In Noida, Lucknow, Delhi, Mumbai, Bengaluru, and several other cities, silver is trading at Rs 250 per gram (Rs 2,500 per 10 grams). Chennai, Hyderabad and Thiruvananthapuram see a slightly higher rate of Rs 260 per gram (Rs 2,600 per 10 grams), resulting in a kilogram price of Rs 2,60,000 in those locations.

These levels provide a benchmark for retailers and consumers alike, especially those looking to purchase jewelry or invest in silver bars and coins.

Analysts suggest that if global inflation pressures remain, silver could maintain its upward trajectory, potentially testing the Rs 2.70 lakh per kilogram barrier in the coming weeks.

Summary: - COMEX silver: USD 65.720/oz (+0.94 %). - MCX silver: Rs 2,37,841/kg (+Rs 1,917). - Uniform city rates at Rs 250‑260 per gram. - Outlook tied to global inflation and safe‑haven demand.