MCX

MCX Silver December Futures Hit ₹1,62,700 Amid Severe Festive Shortage Across India

MCX Silver December futures touched a record high of ₹1,62,700 as supply shortages gripped the domestic market ahead of Diwali. With Indians rushing to buy silver coins, bars, and jewellery, jewellers are struggling to meet the surging festive demand. India, the world’s largest silver consumer, is witnessing prices rise nearly 10% above international benchmarks due to limited availability. Several silver-focused investment funds (ETFs) have also paused new subscriptions as prices continue to soar. The shortage has left both buyers and sellers anxious just days before the festive peak, signaling a strong bullish undertone in the precious metals market. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile