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Silver Hits Record Above Rs1.08 Lakh as Gold Momentum Falters

Industrial demand drives silver to new peaks

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Overview

  • Silver climbed to a domestic high of Rs1,08,100 per kilogram on June 9, with MCX futures also setting fresh records.
  • Robust off­take from electronics and renewable energy applications along with geopolitical tensions underpins silver’s rally.
  • Gold slipped below the $3,400 mark as stronger U.S. JOLTS data and resumed U.S.-China trade talks lifted the dollar.
  • Market strategists project silver to reach Rs1,10,000–Rs1,20,000 per kilogram and near $50 per ounce internationally by year end.
  • The gold-to-silver ratio fell to 91.3, its lowest since April, suggesting silver remains undervalued relative to gold and poised for further volatility.