Silver rate today: Prices jump Rs 1,668 to all-time high of Rs 1.3 lakh/kg; investors eye Fed move, EV demands

Silver rate today: Silver prices surged to an all-time high on Friday, climbing Rs 1,668 to touch Rs 1,30,000 per kilogram in the domestic futures market, as investors bet strongly on a possible US Federal Reserve rate cut next week.On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery rose by Rs 1,668 or 1.3 per cent to hit a lifetime high of Rs 1,30,000 per kg. The most traded December 2025 contract also rallied Rs 1,674 or 1.32 per cent to Rs 1,28,612 per kg, PTI reported.Globally, silver futures for December delivery advanced 1.52 per cent to $42.79 per ounce, reaching a fresh 14-year high.“Silver climbed 1 per cent on Friday, marking a new 14-year high as firm expectations of a Federal Reserve rate cut next week supported buying,” said Jigar Trivedi, Senior Research Analyst at Reliance Securities.He noted that robust industrial demand from solar, electric vehicles and electronics has kept the physical silver market tight amid persistent supply constraints.Markets are now pricing in about a 93 per cent chance of a 25 basis-point rate cut at the Fed’s September 17 policy meeting, with the probability of a larger half-point cut also inching higher. “Safe-haven demand further underpinned white metal amid ongoing geopolitical tensions,” Trivedi added.