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Silver Surges to INR74,000/kg Amid Falling Gold Prices

9/25/2025

33 6 Full Breakdown

Summary

Story summary

As of 24 September 2023, silver rose to INR74,000/kg, while gold fell to INR58,000/10g on the MCX.
Analysts expect silver to reach $50/oz if gold continues higher, aided by industrial demand.
Geopolitical tensions and central bank policies shape prices, with rising rates reducing gold appeal.
Silver’s dip fades as city-wise rates vary due to local taxes.

History

Historical Context

In 1971, President Nixon ended the Bretton Woods system, leading to the dollar's detachment from gold and fluctuating currency values. By 1980, gold prices soared from $35 to over $800 per ounce, reflecting economic instability. Today, geopolitical tensions and central bank policies continue to impact precious metal prices, with silver projected to reach $50 per ounce due to rising industrial demand.

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Story summary

As of 24 September 2023, silver rose to INR74,000/kg, while gold fell to INR58,000/10g on the MCX.
Analysts expect silver to reach $50/oz if gold continues higher, aided by industrial demand.
Geopolitical tensions and central bank policies shape prices, with rising rates reducing gold appeal.
Silver’s dip fades as city-wise rates vary due to local taxes.

1 / 2