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Silver Price Falls Below Rs 2 Lakhs: 53% Drop from Record High
Sentiment: NeutralHigh Priority
What Happened?
Silver prices have dropped below Rs 2 lakh per kg, hitting an 11-month low due to weak industrial demand and high interest rates. The metal has lost about 53.5% of its value since January 2026.
Key points
- Silver traded at approximately Rs 1,95,000 per kg on the Multi Commodity Exchange (MCX).
- The price has decreased by nearly Rs 4,500 during the trading session.
- Silver reached an all-time high of Rs 4,20,048 per kg on January 29, 2026.
- Market experts warned of a potential correction after the record rally.
- Factors influencing silver prices include industrial demand, interest rates, and global market trends.
Key insights
- If interest rates stabilize, silver prices may rebound by the end of 2026.
- Weak industrial demand could lead to further price declines if not addressed.
- Investors should differentiate between MCX futures and physical silver prices.
Why it matters
The decline in silver prices could impact investors and industries reliant on silver for manufacturing.
Source
Times Now
