FOLLOW US :
  • |
  • |

Commodity

Commodity Analysis

End Session Commentary

 
Back
Hot Commodities: MCX Silver scales up highs above Rs 109000 per kg, India's Silver import value zooms 600% in May-25
(17-Jun-2025, 18:21 Hours IST)  
COMEX Silver futures soared to a fresh 13-year high today, breaking above $37 per ounce mark as Gold stayed supported and traders kept an eye on developments in the Middle-east. Escalating tensions between Israel and Iran are keeping bullion futures well supported and Silver also took a lift from extremely firm Indian demand trends. Data out yesterday showed that Silver imports spiked around 600% on year to Rs 4823 crore in May-25. This was in stark contrast to Indian Gold imports value which came in at Rs 21721 crore in May-25, falling around 10.72% compared to May 2024. On a monthly basis too, Gold imports fell around 18% while Silver imports gained by around 252%. Silver imports in first two months of FY25 have witnessed a jump of 271%. This has triggered a sharp spike in Silver today and the metal currently trades at $36.91 per ounce, up 1.25% on the day. On the MCX, Silver scaled up impressively to hit fresh highs above Rs 109000 per kg and currently trades at Rs 108245 per kg, up 1.58% on the day. Weak Indian Rupee also kept Silver well supported in local markets. The INR declined near 86.30 against the US dollar-testing its lowest level in two-months.

Powered by Commodity Insights

IMPORTANT LINKS

QUICK LINKS

FOR GRIEVANCE MAIL TO invgrieviss@iseindia.com

BSE EQUITIES : INB011077733 | NSE F&O EQUITIES : INF231077737 | NSE CASH MARKET : INB231077737 | NSE CURRENCY DERIVATIVES : INE231077737 | MCX-SX : INE261077737

ISS Enterprise Limited [Erstwhile: ISE Securities & Services Limited], a wholly owned subsidiary of Inter-connected Stock Exchange of India Ltd. (ISE)

© 2013 ISS Enterprise Limited [Erstwhile: ISE Securities & Services Limited]. All rights reserved.

Designed, developed & powered by C-MOTS Infotech (ISO 9001:2008 certified)