Silver Hits Historic High, Crosses ₹3 Lakh per kg on MCX for First Time

Silver has set a new record in the country's commodity market. On January 19, 2026, the price of silver on MCX crossed the ₹3 lakh per kg mark for the first time. It saw a sharp jump of nearly ₹14,000 in a single day, creating excitement among investors and ordinary buyers.

In the previous trading session, silver closed around ₹2.87 lakh per kg, while in today's trading, it directly touched the ₹3 lakh mark. Meanwhile, silver prices in the bullion market also saw a sharp rise, reaching close to ₹2.94 lakh per kg.

₹2 lakh to ₹3 lakh in 1 month

If we look at the journey of silver prices, its speed is astonishing. In mid-December 2025, silver reached the ₹2 lakh per kg mark for the first time on MCX. After this, it registered a further increase of ₹1 lakh within just a month.

Data shows that while it took silver about 9 months to reach ₹2 lakh from ₹1 lakh, it took 14 years to reach ₹1 lakh from ₹50,000. But now the price movement has become faster than ever.

Why is silver continuously becoming more expensive?

Several strong reasons are emerging behind this rise in silver prices. The biggest reason is its industrial demand. Today, silver's use is not limited to jewelry; its demand has increased rapidly in sectors like solar panels, electric vehicles (EVs), 5G technology, and data centers. The growing global focus on green energy has pushed silver consumption to new heights.

On the other hand, the supply side remains weak. A large portion of silver is produced as a by-product during the mining of metals like copper and zinc. Until mining of base metals increases, silver supply remains limited. Stricter environmental regulations in many countries have slowed approvals for new mines.

In addition, global geopolitical tensions, inflation, and a weak dollar index have also supported silver. The dollar index has slipped from a high of 109 to around 98, strengthening dollar-denominated silver prices.

Is it a good idea to invest in silver now?

Market experts believe that the silver bullish trend is not over yet. Many brokerages and experts expect silver to reach even higher levels in 2026.

According to Motilal Oswal Financial Services, due to strong industrial demand, silver could reach ₹3.20 lakh per kg in 2026. Meanwhile, Samco Securities says that based on a technical breakout, prices could reach close to ₹3.90 lakh.

Commodity expert Nilesh Surana believes that a potential US interest rate cut and demand from the green energy sector could push silver prices to $100 per ounce in the international market, equivalent to ₹3.5 to ₹4 lakh per kg in the Indian market.

What are the safest ways to invest in silver?

If you want to invest in silver, there are three main options. The first is physical silver, which involves purchasing coins or bars. Purity and safety are crucial, so only BIS-hallmarked silver is recommended.

The second option is a silver ETF. This is a financial instrument traded on the stock exchange that tracks the price of silver. It doesn't carry the risk of storage or theft, but requires a demat account.

The third option is silver futures, which are traded through contracts on the MCX. This allows for large trades with less capital, but the risk is higher, making it more suitable for experienced investors.