Overview
- MCX silver futures fell to about ₹1.91–1.95 lakh per kilogram on Tuesday, 27 October, marking a 10‑month low for the contract.
- The decline is steep compared with January’s record high near ₹4.20 lakh per kilogram, a drop of roughly ₹2.3 lakh per kilogram from that peak.
- Market reports cite a stronger US dollar, rising US bond yields and weaker global manufacturing as the main forces pressuring silver and other precious metals.
- October has been especially volatile: futures are down about ₹30,151 per kilogram since 1 October and saw an intraday swing near ₹4,000 per kilogram on 27 October.
- Advisers are urging phased, SIP‑style accumulation and using Silver ETFs or e‑silver rather than one‑time physical buys because making charges, GST and short‑term price swings raise costs and risks for retail buyers during the festive season.