In India, the metal had crossed Rs 4 lakh per kilogram on Thursday, reflecting strong global demand and limited supply. In simple terms, silver in China is about Rs 51,000 more expensive per kg than in other major markets. As global silver supplies tighten, Chinese investors are increasingly treating silver as a safe investment. Sharp Fall on MCX on FridayOn Friday, gold and silver futures fell sharply on the Multi Commodity Exchange (MCX) in India. Meanwhile, silver futures for March 2026 delivery fell by about Rs 24,000, bringing prices down to Rs 3,75,900 per kilogram.

Source: News 24 January 30, 2026 11:04 UTC