Silver futures rise 5% to ₹2.65 lakh per kg amid global tariff tensions
The Hindu
Silver futures soar 5% to ₹2.65 lakh per kg amid rising global tariff tensions and increased demand for safe-haven assets.
Silver prices on Monday (February 23, 2026) rose nearly 5% to ₹2,65,282 per kg in the futures market as renewed global tariff tensions boosted demand for safe-haven assets.
On the Multi Commodity Exchange (MCX), silver futures for March delivery zoomed ₹12,338, or 4.88%, to ₹2,65,282 per kg in 6,024 lots.
In the international market, comex silver futures for March contract rose 5.58%, or $4.5, to $86.93 per ounce.
Silver climbed to trade above 5%, extending gains to a fourth session as renewed tariff tensions boosted demand for safe-haven assets, Jigar Trivedi, Senior Research Analyst at Indusind Securities, said.
Meanwhile, U.S. President Donald Trump raised a global levy from 10% to 15% following the U.S. Supreme Court's rejection of his "reciprocal" tariffs.
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