GeneralTop StoryTop StoryLatest News
Silver Prices Crash 49% From Record High Of Rs 3.8 Lakh To Below Rs 2 Lakh
Sentiment: NegativeHigh Priority
What Happened?
Silver prices have plummeted over 53% from their January 2026 peak of nearly $117 per ounce, now trading above $54. The decline is attributed to Middle East tensions and inflation.
Key points
- Silver reached a record high of Rs 3,79,983 per kg on January 29, 2026.
- As of October 23, 2026, silver prices fell to Rs 1,94,170 per kg.
- The decline represents a drop of approximately 49% from the January peak.
- Retail silver prices fluctuated significantly throughout 2026.
- On October 26, 2026, domestic silver was trading at Rs 1,95,500 per kg for December delivery.
Key insights
- The volatility in silver prices may lead to cautious trading strategies among investors.
- Consumers may see changes in retail prices for silver jewelry and other products.
- The ongoing geopolitical tensions could continue to influence commodity markets.
Why it matters
The significant drop in silver prices could impact investors and consumers relying on this precious metal.
Source
Times Now
