Silver rate today: Silver prices on India’s Multi-Commodity Exchange (MCX) hit a fresh record high after surging more than ₹10,200 per kilogramme during the intraday trading session on Tuesday, 6 January, due to geopolitical tensions over the .
The for the March 2026 contract surged 4.18% or ₹10,295 per kilogram to its new record high of ₹256,450 per kilogram on Tuesday, compared to ₹246,155 per kilogram at the previous market close, according to the exchange data.
As of 9:27 PM (IST), the silver prices were trading 3.81% or ₹9,374 per kg higher at ₹255,529 per kg, according to the MCX data collected on Tuesday. Experts indicate that if silver is able to sustain its resistance level, an upcoming rise is anticipated in the near term.
US-Venezuela crisis
On Saturday, 3 January, the United States launched “large-scale” military strikes in Venezuela and captured President and his wife to bring them back to the US for ‘American Justice’.
After the deposition, Maduro arrived at the federal courthouse in New York on Monday, where the 63-year-old pleaded not guilty at a New York federal court to four criminal counts.
Nicolas Maduro was charged with narco-terrorism, conspiracy to import cocaine, and possession of machine guns and destructive devices.
US President Trump said that the United States will effectively “run” Venezuela until a “safe” transition to democracy is secured, as President Nicolas Maduro was taken to the US for a trial.
“We’re going to run it until it’s safe, until there is a proper transition to democracy,” said US President Donald Trump in his media address after Saturday’s attack.
Is this the right time to invest in Silver?
On the impact of the on silver prices, Ross Maxwell of VT Markets said that the commodity is expected to rise amid the increasing uncertainty in the short term alongside gold prices.
The commodity market expert expects ‘s position to be linked to strong industrial demand, which means that prolonged instability or a slowdown in global growth could weigh on its price relative to gold.
Renisha Chainani, the Head of Research at Augmont, said that silver prices are witnessing resistance at $79 per ounce or ₹251,000 per kg. However, if commodity rates sustain above this level, the next target price will move upward to $82 per ounce or ₹255,000 per kg and beyond.
“If prices sustain above this resistance, the next level to watch for is $82 ( ₹255,000) and $84 ( ₹260,000),” said the commodity market expert.
Read all stories by
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.