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Silver futures soar past Rs 3 lakh/kg on Greenland tariff tensions, weak dollar

January 20, 2026

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 19 : Silver prices soared to breach the Rs 3 lakh-per kg-mark for the first time in futures trade on Monday, as escalating trade tariff tensions over Greenland and a weak US dollar boosted demand for the safe-haven asset. On the Multi Commodity Exchange (MCX), silver futures zoomed by Rs 16,438, or nearly 6 per cent, to hit a record of Rs 3,04,200 per kilogram. Over the past week, silver futures rallied by nearly 14 per cent, or Rs 35,037.

Silver futures soar past Rs 3 lakh/kg on Greenland tariff tensions, weak dollar

Credit: Dailyexcelsior

Key Highlights

Since the beginning of 2026, it has rallied Rs 68,499, or 29 per cent, from Rs 2,35,701 per kilogram recorded on December 31, 2025.
Gold prices also strengthened in tandem, scaling fresh record highs.
The yellow metal for the February contract advanced by Rs 2,983, or 2.09 per cent, to Rs 1,45,500 per 10 grams.
Over the previous week, gold added Rs 3,698, or 2.7 per cent,, on the MCX.
Both silver and gold have set new records, crossing Rs 3,00,000 per kg and Rs 1,45,000 per 10 grams, respectively, on the MCX, Satish Dondapati, Fund Manager, Kotak Mutual Fund, said.

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Sources

Silver futures soar past Rs 3 lakh/kg on Greenland tariff tensions, weak dollar

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