Silver Futures Sparkle To Record Rs 1,14,875 Per Kg Amid Global Uncertainty

Silver prices surged to an all-time high on July 14, 2025, with September futures on the Multi Commodity Exchange (MCX) touching Rs 1,14,875 per kilogram. The rally reflects heightened safe-haven demand driven by global trade tensions and a weakening US dollar.

Key Drivers Behind The Surge

- Renewed tariff threats from the US, including a proposed 30 percent levy on imports from Mexico and the European Union, have intensified geopolitical uncertainty  
- Investors are flocking to silver for its dual appeal as a safe-haven and industrial metal  
- The US dollar’s decline and anticipation of macroeconomic data such as CPI and PPI have further fueled bullish sentiment  
- December silver futures also hit a lifetime high of Rs 1,16,566 per kg on MCX  
- Globally, silver traded at USD 39.05 per ounce in New York, up 1.68 percent  

Market Impact And Outlook

- Hindustan Zinc shares rose nearly 2 percent, benefiting from silver’s rally as India’s largest producer of the metal  
- Analysts expect continued volatility in bullion markets, with silver potentially holding above USD 36.40 per ounce on weekly closing  
- Spot prices across major Indian cities hovered around Rs 1,14,500 to Rs 1,15,000 per kg  

The surge in silver underscores its resilience amid global financial turbulence and positions it as a key asset in uncertain times.

Sources: Moneycontrol, Rediff MoneyWiz, Economic Times, Deccan Herald, NDTV Profit, Times of India.