Silver Hits Fresh All-Time High On MCX Amid Geopolitical Tensions

Mumbai: Silver futures at the Multi Commodity Exchange (MCX) touched a brand new all-time excessive of Rs 1,09,250 in keeping with kilogram on Tuesday, as traders rushed to safe-haven property amid emerging tensions between Israel and Iran. The July 2025 silver contract jumped 2.5 in keeping with cent, gaining Rs 2,686 in comparison to the former shut of Rs 1,06,564 in keeping with kilogram. In the night industry, silver futures had been buying and selling 2.23 in keeping with cent upper at Rs 1,08,945 in keeping with kilogram, in step with reliable MCX information.

The sharp upward thrust in silver costs displays rising uncertainty within the international monetary markets, the place traders generally tend to transport clear of high-risk property like equities and as an alternative put their cash into reasonably more secure choices akin to gold, silver, and executive bonds. Gold futures additionally witnessed an uptick throughout Tuesday’s buying and selling consultation. The gold contract for August 5, 2025, edged up by way of 0.02 in keeping with cent to Rs 99,202. On Monday, gold had settled at Rs 99,178 in keeping with 10 grams.

According to the India Bullion and Jewellers Association (IBJA), the cost of 24-carat gold fell by way of Rs 226 to Rs 99,147 in keeping with 10 grams, down from Rs 99,373. Similarly, 22-carat gold declined to Rs 90,819 in keeping with 10 grams from Rs 91,026. The value of 18-carat gold additionally slipped, from Rs 74,530 to Rs 74,360 in keeping with 10 grams.

Experts characteristic the upward motion in treasured metals to international uncertainty and investor center of attention on america Federal Reserve’s upcoming resolution on rates of interest. “With the current macro setup, geopolitical tensions, currency volatility, and potential central bank pivoting, silver’s appeal as a hedge is rising,” Apurva Sheth of SAMCO Securities mentioned.

“Retail and institutional interest is building, and technically, the setup is textbook bullish,” Sheth added. On the global entrance, gold and silver costs had been shifting in reverse instructions. At the time of reporting, gold on COMEX was once down 0.40 in keeping with cent at $3,404.67 in keeping with ounce, whilst silver was once up 1.65 in keeping with cent at $37.055 in keeping with ounce.

Since January 1, the cost of 24-carat gold has surged by way of Rs 22,985 or 30.17 in keeping with cent, emerging from Rs 76,162 to Rs 99,147 in keeping with 10 grams. Similarly, silver has won Rs 19,543 or 26.83 in keeping with cent, hiking from Rs 86,017 to Rs 1,09,100 in keeping with kilogram. The surge in costs of each gold and silver signifies heightened investor fear over international instability and the continuing battle within the Middle East.

Market mavens consider that so long as geopolitical dangers stay increased, call for for treasured metals is prone to keep robust.