Silver Hits Record High Above $67/oz on Safe-Haven Demand; MCX Prices Jump: Check Latest Silver Rates Today

Silver prices surged to a record high in early Asian trading on Monday, driven by heightened geopolitical tensions and strong safe-haven demand. Concerns over renewed hostilities between Iran and Israel, along with growing friction between the United States and Venezuela, prompted investors to seek refuge in precious metals, pushing silver to fresh peaks.

Silver Hits Record High Over $67/oz: Check Spot Silver Price Today

In international markets, spot silver rose 0.4% to a record high of $67.5325 an ounce, while February silver futures also gained 0.4% to $67.860 per ounce. Silver outperformed other metals, leading gains across the precious metals complex.

Gold, Platinum and Palladium Prices Climb

Spot gold climbed 0.2% to $4,348.30 per ounce, while spot platinum rose 0.2% and edged closer to the $2,000 per ounce mark. Spot palladium advanced 0.7% to $1,729.97 per ounce, reflecting broad-based haven buying.

MCX Silver Price Today

Silver futures on the Multi Commodity Exchange (MCX) were trading firmly higher on December 22, 2025, reflecting continued strength in precious metals. At 11:38 am IST, the March 5, 2026 expiry silver contract was quoted at Rs 2,12,736 per kilogram, registering a gain of Rs 4,297, or 2.06%, from the previous close.

The contract opened at Rs 2,09,475 per kilogram, compared with a previous close of Rs 2,08,439 per kilogram, and witnessed healthy participation during the session. Trading volumes stood at 7,721 lots, indicating strong investor interest amid the ongoing rally in silver prices.

Silver Rate in India Today on 22 December 2025

Back home, silver prices across major Indian cities remained largely uniform on 22 December 2025 with marginal variations attributed to local taxes, jewellers' margins and logistics costs. In Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad, silver was priced at Rs 2,19,000 per kilogram.

Silver Prices were higher in the southern markets, with Chennai quoting Rs 2,31,000 per kilogram, while Hyderabad and Kerala reported silver prices of Rs 2,31,100 per kilogram.

Silver Price Outlook

Market participants say silver prices continue to climb with little sign of fatigue, as investors chase what has emerged as the standout metal of the year. International silver prices crossed $67 per ounce last week, more than doubling so far in 2025.

Analysts expect prices to rise a further 15-20% by March 2026 and recommend a buy-on-dips strategy amid the ongoing uptrend.

Brokerage reports indicate that silver has already gained around 127.5% in 2025, outperforming most other asset classes. Forecasts suggest silver could trade in the $70-$80 per ounce range during the first quarter of 2026, provided current momentum and macro conditions persist. Analysts attribute the rally to a tight supply environment meeting robust demand.

Why Silver Rate is Rising?

Beyond its role as a store of value, industrial demand is playing a key role in supporting silver prices. Usage is rising sharply in solar panels, electric vehicles and AI-related hardware, sectors witnessing strong capital expenditure globally. This blend of investment interest and industrial consumption has added further strength to the metal's rally.

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