Silver Crosses ₹3 Lakh for the First Time, Jumps ₹14,000 in a Day; Prices Up ₹1 Lakh in a Month, May Touch ₹4 Lakh in 2026

In a historic surge, silver prices on MCX climbed above ₹3 lakh per kg for the first time on January 19, marking one of the fastest rallies the metal has seen in recent years.

The price shot up by ₹14,000 in a single session, taking the metal to around ₹3,00,000 per kg, compared to ₹2.87 lakh on Friday.

A Stunning One-Month Rally

Silver has gained nearly ₹1 lakh per kg in just 30 days.

On December 15, 2025, MCX silver had touched the ₹2 lakh mark — meaning the metal has now rallied over 50% within a month.

Why Silver Is Surging

Analysts cite several reasons for the spike:

Global supply concerns

Rising industrial demand for EVs, solar panels, and electronics

Increased investor interest in safe-haven commodities

Expectations of monetary easing in major economies

Could Silver Hit ₹4 Lakh in 2026?

Market experts believe the metal’s steady upward trajectory could push prices towards the ₹3.8–₹4 lakh per kg range in 2026, provided global demand remains strong.

Traders, however, advise caution as high volatility is expected to continue in the precious metals market.