Silver price today: Silver prices in India’s Multi Commodity Exchange (MCX) jumped nearly 1.43 per cent or by ₹1,506 on Monday, 9 June 2025, in line with the global cues.

Silver futures of the July contract jumped over 1.43 per cent to hit an all-time high of ₹1,07,073 per kilogram before closing at ₹1,06,965 per kilo on Monday, compared to ₹1,05,459 per kilo at the previous commodity market session, according to the MCX data.

On the other hand, gold futures for the August contract were flat with 0.04 per cent gains at ₹97,077 per 10 grams on Monday, compared to ₹97,036 at the previous commodity market session. 

India Spot Price

Silver prices soared ₹1,000 to hit a fresh peak of ₹1,08,100 per kilogram in the national capital on Monday, in line with firm global cues, according to the All India Sarafa Association, reported the news agency PTI.

On Saturday, the metal traded flat at ₹1,07,100 per kg (inclusive of all taxes). Prior to that, the white metal on Friday had soared ₹3,000 to hit another record high of ₹1,07,100 per kilogram.

Traders said silver prices surged due to strong investor demand, a weak dollar against major currencies, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors.

Gold of 99.9 per cent purity fell ₹280 to ₹97,780 per 10 grams (inclusive of all taxes) on Monday. The precious metal had declined by ₹1,630 to ₹98,060 per 10 grams on Saturday.

The yellow metal of 99.5 per cent purity dipped ₹250 to ₹97,350 per 10 grams (inclusive of all taxes). It had depreciated by ₹1,500 to ₹97,600 per 10 grams in the previous market close.

Globally, spot gold rose marginally to USD 3,312.84 per ounce.

“Gold consolidated in the lower end of its range on Monday amid mixed signals. The highly anticipated talks between the US and China have raised hopes that the two largest economies can make progress on various disputes, which could reduce demand for safe havens”. 

“Additionally, the latest Nonfarm Payrolls report in the US was strong, prompting traders to re-evaluate their expectations regarding a potential easing of monetary policy by the Federal Reserve, which also serves as a headwind for the yellow metal,” Saumil Gandhi, Senior Analyst, Commodities at HDFC Securities, said.

Spot silver rose 0.9 per cent to USD 36.30 per ounce in the international market.

“Silver prices stood out with strong gains hitting a 13-year high on the global stage and achieving lifetime highs in the domestic markets,” Mehta Equities’ Vice-President, Commodities Rahul Kalantri said.

“Improving sentiment from softer European inflation and trade optimism helped silver breach the USD 36 per ounce level, breaking out of a long-standing consolidation range,” Kalantri added.

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