Silver hits record Rs 1,70,415 on MCX: Nearly 20% gain recorded in October- What could it mean amid festive season rush?

Silver prices surged to a record high on MCX, with the December 2025 futures contract reaching Rs 1,70,415 per kg. This marks a significant 19.8% gain for October, driven by strong festive demand and growing industrial interest. Analysts attribute the uptrend to solid fundamentals, including US rate cut expectations and restocking in solar and electronics sectors.