Chaos in global markets sent silver prices into overdrive on MCX Monday, eclipsing ₹3 lakh/kg for the first time. The March 2026 contract vaulted ₹15,413 (5.36%) to ₹3,03,175/kg by 2 PM, with an intraday zenith of ₹3,04,200—₹16,438 above last session’s ₹2,87,762.
IBJA’s spot quote stood at ₹2,93,650/kg at midday, rising ₹11,760 from ₹2,81,890, underscoring robust physical demand via their regular updates.
Gold rallied too: 24-karat added ₹2,385 to ₹1,43,978/10g; 22-karat climbed to ₹1,31,884/10g from ₹1,29,699; 18-karat reached ₹1,07,984/10g ex-₹1,06,195.
International markets echoed the surge—gold +1.66% to $4,672/oz, silver +4.61% to $92.59/oz record. Pundits link it to US President Trump’s European tariffs, stoking trade war fears and precious metal frenzy.
As India’s bullion market erupts, this threshold breach could spur fresh investments. Investors should watch for profit-taking, but the trajectory favors bulls in an unstable world.