Silver prices fell by ₹21,000 in an hour, after reaching a record high of ₹2.51 lakh for the first time.:

News Topical, Digital Desk : Silver Price Crashes: Silver prices witnessed a sharp fall on Monday amid easing geopolitical tensions and positive signs regarding the Ukraine-Russia war. The positive talks between US President Donald Trump and Ukrainian President Vladimir Zelensky increased investors' risk appetite, which had an impact on silver, which is considered a safe investment. Within just one hour, the price of silver on the Multi Commodity Exchange (MCX) fell by around Rs 21,000 per kg in intra-day trading and fell below Rs 2,33,120. This major fall came at a time when silver had earlier reached an all-time high of Rs 2,54,174 per kg.

Why is silver shining?

Silver prices also fluctuated in the international market. It reached $80 per ounce for the first time in early trading on Monday, but slipped to around $75 per ounce under pressure from profit-booking. However, investor sentiment towards silver remains strong globally.

Silver prices rose for the sixth consecutive session on Monday in futures trading, driven by strong investor demand and positive global cues. Silver contracts for March 2026 delivery on the MCX jumped by ₹14,387, or nearly six percent, to an all-time high of ₹2,54,174 per kilogram. Traders made large-scale purchases of silver, supported by strong international markets.

Why is the demand increasing?

Meanwhile, gold prices also continued their upward trend. On MCX, the price of the February 2026 delivery contract rose by Rs 357, or 0.26 percent, to a record high of Rs 1,40,230 per 10 grams. Earlier on Friday, gold had reached an all-time high of Rs 1,40,465 per 10 grams. Precious metals also held their luster in global markets. Comex gold futures rose 0.35 percent to a new record high of $4,536.80 an ounce, while silver futures jumped 7.09 percent to an all-time high of $82.67 an ounce.