Silver continues to lead gains in the bullion market, climbing to a fresh all-time high of $79.67 per ounce on COMEX for the March 2026 contract. This marks a jump of nearly 190% from its 52-week low of $27.545 per ounce. In the domestic market, silver prices on the MCX also scaled new heights, touching ₹2,39,397 per kilogram on Friday.
Market analysts attribute the strong upward momentum in silver prices to a major structural change that is tightening the gap between demand and supply. Experts believe this shift is still unfolding and expect silver prices to potentially move toward the $100-per-ounce mark in the short to medium term.
In the physical retail market, silver rates in Delhi stand at ₹2,401 for a 10-gram coin, ₹24,013 for 100 grams, and ₹2,40,130 for a one-kilogram bar. Prices are similarly elevated across other major cities. Jaipur and Mumbai are quoting silver at around ₹2,405–2,406 per 10 grams, while Chennai has the highest rate at ₹2,413. Cities such as Kolkata, Bengaluru, Hyderabad, Nashik and Rajkot are also trading close to the ₹2,400 per 10-gram level, reflecting the broad-based strength in silver prices nationwide.