New Delhi: Silver prices skyrocketed to a historic high on Friday, crossing the ₹2 lakh per kg mark for the first time. With a staggering 121% surge in 2025, silver has now overtaken Microsoft to become the world’s fifth-largest asset, marking an unprecedented milestone in global markets.
Silver Hits Record High on MCX
On the Multi Commodity Exchange (MCX), silver for March 5 delivery touched ₹2,00,362 per kg during intraday trade. It had closed the previous session at ₹1,98,942 and opened slightly lower at ₹1,96,958. However, prices steadily recovered through the day.
Around 3:00 PM, silver was trading at ₹1,99,978, up ₹1,036 (0.52%).
In international markets, silver prices breached $64 per ounce for the first time on Thursday, cementing its position as the fifth-largest global asset, surpassing Microsoft.
What’s Driving Silver’s Massive Rally?
Experts attribute this exponential rise to surging industrial demand. Silver usage is rapidly increasing in:
- Solar panels
- Electric vehicles
- Semiconductors
- Electronic manufacturing
The expansion of green energy and advanced tech sectors has pushed demand to record levels, sending prices soaring worldwide.
Gold Prices Also Surge
Gold too witnessed a sharp rise today. On MCX, gold for February 5 delivery jumped nearly ₹2,000.
- Previous close: ₹1,32,469 per 10 grams
- Opening price: ₹1,32,442
- Intraday high: ₹1,34,111
- Price at 3:10 PM: ₹1,33,750 — up ₹1,281
Both precious metals continue their upward march as global markets anticipate interest rate cuts and rising inflationary pressures.
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