Silver prices breach ₹4 lakh per kg mark in futures trade amid strong global cues
The Hindu
Silver prices soar past ₹4 lakh per kg in futures trading, driven by strong global demand and economic uncertainties.
Silver prices on Thursday (January 29, 2026) breached the record ₹4 lakh per kilogram mark in futures trade, while gold touched a lifetime high of ₹1.8 lakh per 10 grams, riding on strong investor demand and record gains in the international markets.
On the Multi Commodity Exchange (MCX), silver futures for March delivery zoomed ₹22,090, or 5.73%, to hit an all-time high of ₹4,07,456 per kilogram.
Gold futures also witnessed robust buying by investors. The yellow metal for February delivery soared ₹14,586, or 8.8%, to touch a new peak of ₹1,80,501 per 10 grams on the MCX.
In the international market, gold futures on the Comex surpassed the crucial $5,600 per ounce-mark for the first time. The yellow metal for April delivery gained $286.6, or 5.4%, to scale a fresh peak of $5,626.8 per ounce.
Comex silver futures also rose sharply to touch a fresh record of $119.51 per ounce in the overseas markets.
Analysts said that upbeat industrial demand in silver and a weak U.S. dollar lent further support to the white metal, which has been outperforming gold in recent sessions.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












