Silver Prices Skyrocket: Understanding the Reasons Behind the Surge
Tue June 10 2025
Silver prices in India’s bullion markets are skyrocketing these days, which is having a significant impact on customers’ pockets. Buying silver is no longer an easy task. Anyway, silver is being sold at its highest level these days. In India, silver surpassed all other commodities in 2025.
Last week, its price on MCX reached an all-time high of 1,06,138 per kg. Silver is being sold at a very high price with GST. Believe it or not, you can find detailed information on how much silver is being sold without GST.
Price of silver without GST
Silver is being sold at an all-time high of Rs 105580 per kg without GST in the bullion market. Investors are now eyeing this. The price of silver can vary from city to city. To understand why the price of silver is skyrocketing, consider the three reasons.
Safe-haven demand
Amidst the Russia-Ukraine war and global tensions, people have considered silver as a safe investment. Apart from this, the demand for silver for solar panels, electric vehicles, and electronics is skyrocketing, which has halted Russia’s years of progress.
Left gold behind, too
According to the Economic Times, Anand Rathi’s Naveen Mathur estimates that MCX Silver can reach Rs 1,15,000 to Rs 1,23,000 by 2025. There is a profit of up to 20 per cent from the current price. Rich Had Poor Dad author Robert Kiyosaki is likely. Silver remains the most affordable investment option today.
It is likely to reach $70/ per ounce this year. LKP Securities’ Jatin Trivedi says that in 2025 alone, silver has reached Rs 87,000 to Rs 1,04,500 per kg. The upcoming target is Rs 1,10,000-1,20,000. According to Reliance Securities’ Jigar Trivedi, MCX Silver can reach Rs 1,10,000 in the next 1 month. It is essential to maintain a portfolio with 12-15% silver.
Source: https://www.timesbull.com