Silver hits Rs 1,00,000 mark in Delhi-NCR’s bullion market. 10% uptick seen by Diwali
Silver prices have touched the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets, rising by over 3% or Rs 8,200 in just three weeks. Commodity experts expect a 3-5% increase in prices in the run-up to Dhanteras.
Meanwhile, on the MCX, the December Silver contracts hit a new lifetime high of Rs 99,475, gaining by Rs 2019 or over 2%. The March 2025 futures were trading at Rs 1,01,688, gaining by Rs 1,847 or 1.85%.
As for silver ETFs, DSP Silver ETF, Aditya Birla Sun Life Silver ETF, Axis Silver ETF and others were trading with gains of up to 1%.
Commenting on Silver’s rally, Anuj Gupta, Head Commodity & Currency at HDFC Securities said that silver has been creating new records and in physical markets in Delhi-NCR, it has surpassed Rs 1,00,000 levels.
Silver’s appeal has been going up on industrial demand and by virtue of being a haven along with its pricier cousin gold, Gupta said. He sees another 3-5% rise in the run-up to Dhanteras.
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