Silver Prices Hit Record High Of Rs 1.3 Lakh, Surge Rs 1,668 In A Day Amid Fed Rate Cut Bets | Savings and Investments News


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Silver Price Prediction 2025: As precious metal hits record high, it could climb to as high as Rs 1.5 lakh per kg in the next 12 months, according to a report.

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Silver Price Prediction 2025.

Silver Price Prediction 2025.

Silver surged Rs 1,668 to hit its fresh all-time high of Rs 1,30,000 per kilogram on the MCX, as investors rushed to the white metal on strong bets of a US Federal Reserve rate cut next week. On the Multi Commodity Exchange (MCX), silver futures for March next year delivery soared Rs 1,668 or 1.3 per cent to hit a lifetime high of Rs 1,30,000 per kg.

The most traded December delivery also rallied 1,674 or 1.32 per cent to hit an all-time high of Rs 1,28,612 per kg on the MCX.

Globally, silver futures for December delivery rose 1.52 per cent to $42.79 per ounce, scaling a fresh 14-year high.

“Silver climbed 1 per cent on Friday, marking a new 14-year high as firm expectations of a Federal Reserve rate cut next week supported buying,” said Jigar Trivedi, Senior Research Analyst at Reliance Securities.

Trivedi added that strong industrial demand from solar, electric vehicles and electronics has kept the physical silver market tight against a backdrop of persistent supply constraints.

“Markets are now pricing in about a 93 per cent chance of a 25 basis-point interest cut at the US Federal Reserve’s September 17 policy meeting, with odds of a larger half-point move edging higher. Safe-haven demand further underpinned white metal amid ongoing geopolitical tensions,” he said.

Silver Price Prediction 2025: ‘Precious Metal May Hit Rs 1.5 Lakh In 12 Months’

Silver could climb to as high as Rs 1.5 lakh per kg in the next 12 months, buoyed by strong industrial demand, safe-haven buying, and a weaker dollar, according to a quarterly outlook by Motilal Oswal Financial Services (MOFSL).

The brokerage said silver has already delivered nearly 37% returns year-to-date on MCX, outpacing several other asset classes. Globally, it expects Comex silver futures to advance towards $45 per ounce initially and touch $50 per ounce in the next phase of the rally.

“After achieving our earlier targets, we continue to believe silver remains poised for further upside. We expect prices to gradually move towards Rs 1,35,000 per kg in six months and then Rs 1,50,000 per kg in 12 months on the domestic front, assuming the rupee trades around 88.5 against the US dollar,” the report said.

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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