MCXSILVER·₹ per kg
MCX Silver Price Today
Live MCX price · Updated in real time
₹2,36,400
▲ 2.81%
Duty-inclusive import parity
₹2,26,971₹ per kg
MCX vs parity
+4.2%premium
COMEX $67.82/oz ÷ 31.10 × 1000 × ₹94.63/USD × 1.1 duty · ~10% effective import duty · For education only, not a trading signal
Silver Intelligence
⚡ Flash·Tue, 28 Jul, 2026·11:06 am IST
MCX Silver crashes 2.08% as industrial demand outlook dims
MCX Silver plunges to ₹216,659/kg amid broad commodity selloff. Dollar strength and faltering China PMI signal weaker EV/solar demand ahead.
⚡ Flash·Tue, 14 Jul, 2026
The Gold-Silver Ratio and What It Signals for MCX Traders in India
Understand the gold silver ratio MCX India trading explained — how global ratio shifts transmit to MCX prices, import parity, and what Indian traders should monitor.
⚡ Flash·Mon, 13 Jul, 2026
Why MCX Silver Is Far More Volatile Than Gold in India
Understand why MCX silver is more volatile than gold India traders track daily — dual demand, thin markets, and rupee amplification explained.
⚡ Flash·Wed, 1 Jul, 2026·12:31 pm IST
MCX Silver Crashes 2.63% — Industrial Liquidation Outpaces Gold
MCX Silver plunges to ₹221,000/kg, down 2.63% in morning trade. Gold falls half as much, signaling industrial demand retreat over safe-haven flows.
⚡ Flash·Tue, 23 Jun, 2026·09:49 am IST
MCX Silver Drops 2.84% to ₹228230 — Gold Follows
MCX Silver crashes 2.84% to ₹228230/kg at 09:49 am IST. Gold falls 1.02% to ₹146750/10g. What's driving the morning session selloff.
⚡ Flash·Fri, 19 Jun, 2026·10:01 am IST
MCX Silver Plunges 3.11% — Trades Near ₹2,30,041/kg
MCX Silver crashed 3.11% to ₹2,30,041/kg, breaching key psychological levels as COMEX silver fell 3.17% in the same session.
Recent Silver Briefs
Edition #99·Thursday, 3 September 2026
Gold Reclaims $4,472 While Crude Holds — The War Trade Is Reuniting
Edition #93·Tuesday, 25 August 2026
Silver Diverges From Gold — The Industrial Half Is Speaking
Edition #91·Friday, 21 August 2026
Gold Hits $4583 as Safe-Haven Surge Leaves Oil Behind
Edition #90·Thursday, 20 August 2026
Gold Surges $183 Overnight — Safe-Haven Bid Overwhelms Oil Noise
Edition #89·Wednesday, 19 August 2026
Silver Drops 4.5% as Oil Climbs — The Premium is Splitting
What Moves Silver
- Gold-silver ratio — historically 60–80x; when ratio spikes above 80, silver is cheap relative to gold
- Industrial cycle — silver tracks copper in risk-on/risk-off regimes more than gold does
- Solar capacity additions — China solar policy directly affects silver industrial demand
- USD strength (inverse)
- India import duty and monsoon (agri income → silver buying in rural India)
Upcoming Events for Silver
Over the last 24 CFTC Commitment of Traders (COT) Report releases, MCX Silver has moved an average of ±1.9% in the following session (maximum ±6.6%).
Demand Drivers
- Industrial use (60% of demand) — solar panels, EVs, electronics, 5G
- Jewellery and silverware (India is world's largest silver importer for this)
- Investment demand — silver ETFs, bars and coins
- Green energy transition — each solar panel uses ~20g of silver; global solar buildout is a structural demand tailwind
Risk Note
Silver is far more volatile than gold — easily swings 3–5% in a session. High lot value (₹30L per lot) amplifies P&L. Silver Mini (5 kg) is available for smaller capital.
MCX Contract Specs
Lot size30 kg
Quoted₹ per kg
Tick size₹1 per kg = ₹30/lot
Contract value~₹70.9 lakh at ₹2,36,400/kg
SPAN margin₹3.5–5.0 lakh
Margins are illustrative. Check your broker's SPAN calculator for live requirements.
Who Controls Supply
Top producers: Mexico 22%, Peru 14%, China 13%, Russia 7%. Unlike gold, 70% of silver supply comes as a by-product of mining other metals (copper, zinc, lead) — supply is inelastic.
Watch These Signals
Gold priceCOMEX SilverGold-silver ratioChina solar installations (quarterly)USD/INR
Tax Treatment
Same as gold futures — gains taxed as business income. CTT 0.01% on sell side.
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