Overview
- On the final trading day of 2025, MCX silver March futures fell about 6% to Rs 2,35,952 per kg, a one‑day loss of roughly Rs 15,060, while gold futures edged lower.
- International silver pulled back to roughly $73 an ounce after touching an all‑time high near $83.6 earlier in the week, with gold easing from recent records.
- Traders and analysts cited profit‑booking, CME margin increases, tax‑related selling and low year‑end liquidity as drivers of the sharp reversal.
- Even after the drop, 2025 closed with outsized gains for bullion, including silver up around 170%–183% for the year and gold up more than 70%, with multiple late‑December records.
- Tight physical supply and new Chinese export licensing rules taking effect January 1, 2026 remain in focus, as investors increasingly tap ETFs and tokenized products for exposure.