Silver rate today: Silver has gained 181% year-to-date, outpacing gold by a significant margin to emerge as the best-performing asset this year. Silver is now more valuable than the world’s most valuable company, Nvidia, as its market cap surged to $4.65 trillion.
Silver rate today: The unstoppable rally in the silver prices drove the white metal past the ₹2,50,000 mark on the Multi Commodity Exchange (MCX) for the first time on Monday, December 29.
The rally in silver prices coincides with the surge seen in international markets. The silver rate today topped the $80 mark earlier this morning for the first time before retreating amid profit-taking in the white metal, following a massive surge of over 180%.
Silver has gained 181% year-to-date, outpacing gold by a significant margin to emerge as the best-performing asset this year. Silver is now more valuable than the world’s most valuable company, Nvidia, as its market cap surged to $4.65 trillion. Nvidia is currently valued at $4.63 trillion.
On the MCX, Silver March futures rose 5.99% to an all-time high of ₹254,174 per kg. Around 9.40 am, the silver price today was at ₹251,746, up ₹11,959 or 4.99%. However, in the international market, spot silver lost 1.3% to $78.12 per ounce, after hitting an all-time high of $83.62 earlier in the session.
What’s driving silver prices higher this year?
The rally in silver is supported by supply constraints, strong industrial demand, and bets on further US interest rate cuts.
Silver has been in structural deficit for the past seven years, while the industrial demand surged in 2025 on account of solar adoption, renewable energy rollouts, electric vehicles, and electronic production, creating a demand-supply mismatch and boosting the prices of the white metal.
