Silver hits record high as Indian bullion market stays bullish

ByEnigma 808

The Indian bullion market remained bullish this week, continuing its strong momentum from the previous week. Silver prices soared by over Rs 15,000 per kilogram, hitting an all-time high of Rs 1.64 lakh per kg, while gold saw a moderate rise of more than Rs 2,000 per 10 grams.

According to the Indian Bullion And Jewellers Association (IBJA), silver surged by Rs 4,950 on Friday, closing at Rs 1,64,500 per kg. Meanwhile, 24-carat gold fell by Rs 1,104, settling at Rs 1,21,525 per 10 grams, after hitting a record high earlier in the week.

Silver prices jumped by Rs 15,667 from Monday, while gold saw an increase of Rs 2,276. On the MCX futures market, gold and silver also saw firm momentum, with gold closing at Rs 1,21,492 and silver at Rs 1,46,698 per kg.

The silver market is seeing strong investment inflows, with ETFs trading at premiums over international benchmarks. Global ETF holdings in silver surged to 1.13 billion ounces, valued over $40 billion by mid-2025, driven by record investment in the first half of the year.

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  • Enigma XO avatar (80x80)

    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.