Silver Rate Today | Silver Price Today: After hitting an eleven-month low on Friday, the silver price today witnessed some buying interest during the early morning session. The MCX gold rate today opened higher at ₹1,.96,257 per kg and touched an intraday high of ₹1,97,186 within a few minutes of the opening Bell. However, the silver price in India failed to sustain at higher levels, and the MCX gold rate retraced to around ₹1,96,625 per kg. Compared with today's price, the precious white metal has crashed by around ₹2,23,500 per kg from the record high of ₹4,20,048 per kg. Despite a rebound in silver price today, the precious white metal is at a YTD low.
According to market experts, the silver price has risen today following an easing in crude oil prices and a correction in US bond yields, especially the US 10-year bond yield slipping below 5%. They said that easing in US bond yields is a big relief for equities, gold, and silver, as investors are expected to move their money from currency and bond markets to other assets like equities, gold, and silver. They said that silver prices may touch ₹2,05,000 in the near term, as the market expects a status quo at the upcoming US Fed meeting.
Speaking on the immediate triggers that are fueling gold rates today, Anuj Gupta, a SEBI-registered market expert, said, “Silver price today is on an uptrend due to two major reasons: US 10-year bond yield slipping below 5% on no rate hike speculation in the US Fed meeting this week, and easing crude oil prices.”
The SEBI-registered market expert said that the US bonds were the ultimate beneficiaries of the AI meltdown. However, after the correction in US bond yields, investors are expected to shift their money from bond and currency markets to equities, gold, and silver. As equities are also affected by geopolitical tension, gold and silver are expected to benefit from profit-booking in the US bond and currency markets.
"However, this rally in the gold and silver prices is expected to be capped by the stable Indian Rupee, and we can expect the silver prices in India to touch ₹2,05,000 per kg levels this week. The bond yield is expected to show a dead-cat bounce after a few weeks, when there will be buzz for a US Fed rate hike in the December 2026 meeting. But, in this dead-cat-bounce, the bond yield will rebound but the peak will be much lower than its recent peak," said Anuj Gupta.