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Silver Prices Sink Sharply To Rs 2.25 Lakh/Kg On MCX, Log Biggest One-Day Fall In 4 Years; Know Why
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Silver is the big mover in trade overnight. Prices have finally stabilised after slumping 8.7% in the biggest one-day fall since August 2020
Silver Prices Fall
Silver Prices Crash: Silver is the big mover in trade overnight. Prices have finally stabilised after slumping 8.7% in the biggest one-day fall since August 2020. In fact, the year-end is proving to be highly volatile for silver. On MCX too, silver prices plunged to the Rs 2.25 lakh/kg level from a high of Rs 2.54 lakh/kg.
Most analysts believe that this correction in prices may have helped bring down some of the speculative trade in silver.
Let us look at the price rates of silver in different cities of India
Prices in India correct in sync with global trend
MCX silver prices generally follow global silver prices, moving in line with COMEX trends and currency changes.
Currently, silver prices in India are down 0.04%, with one kg trading at Rs 2,33,480/kg, while the price of 10 gram silver today is Rs 2,334.80.
For city-wise rates, the white metal is trading at Rs 233.76 per gram in Mumbai, followed by Delhi, where the silver rate is Rs 223.21 per gram, which is Rs 10.27 lower than the silver rate in Mumbai.
The silver rate in Chennai is Rs 224.25 per gram, while the silver rate in Hyderabad is Rs 223.95 per gram. The silver rate in Ahmedabad is Rs 223.89 per gram.
These differences in city-wise prices mainly arise from local taxes, transportation costs and demand levels.
So what exactly is driving these prices? Let’s take a look at the key triggers for the sharp correction in silver prices:
1. Aggressive profit booking
Analysts added that aggressive profit booking by traders led to a crash in the prices of the white metal. Traders sold silver to lock in gains as prices had spiked. Further, trading volumes in the markets are relatively low because of the holiday season, which made silver rally higher than usual.
Commenting on the volatility, Jigar Trivedi, Senior Research Analyst at Reliance Securities, said, “Silver rose 2.6% to $73.9/oz, stabilizing after a steep drop in the previous session, as traders adjusted positions following aggressive profit-taking. The rebound follows a sharp retreat from record highs above $80 an ounce, with holiday-thinned liquidity amplifying recent price swings.”
2. CME raises margins
Margin costs raised by the CME Group compelled traders to reduce their market positions, triggering a sell-off. The exchange hiked margins for the March 2026 derivatives contract to $25,000 from $20,000 earlier.
This essentially means traders now have to pay more to keep their contracts. Often, margin hikes are used by exchanges as a risk-control tool to manage volatility.
“Stricter margin rules may keep price gains measured in the short term. MCX Silver March may appreciate to Rs 226,000/kg as the undertone is bullish in the international markets,” Trivedi added.
3. Easing geopolitical tensions
The meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy has eased geopolitical tensions between Russia and Ukraine, as both leaders said an end to the war is close. The Ukrainian president views the peace plans as 90% agreed following talks with Trump.
Easing geopolitical tensions ultimately reduce safe-haven demand for precious metals, thereby lowering demand.
Silver rally: Next target?
According to MOSL, silver price rally is rooted in real metal scarcity and is not just speculative.
It explained that beyond supply constraints, sustained industrial and investment demand has reinforced silver’s price strength. Its growing use in electronics, renewable energy and other technology-driven sectors has ensured steady industrial offtake, while investors have increasingly viewed silver as a strategic hedge amid macroeconomic uncertainty.
Navneet Damani and Manav Modi, Commodities Analyst at MOSL noted, “Silver’s 2025 rally is being shaped by real metal scarcity rather than speculative positioning. Physical deficits, policy-driven supply restrictions, and concentrated inventories are increasingly dictating prices, signalling a durable shift in how the silver market is priced and traded.”
From an investment perspective, MOSL said it continues to maintain a buy-on-dips approach with a staggered investment strategy. While its initial target of $75 on COMEX has already been achieved, the brokerage reiterated its next target of $77 on COMEX, equivalent to around Rs 2,46,000 in the domestic market. Any further revisions to this outlook, the report noted, will depend on how supply dynamics, inventory trends and policy developments evolve over time.
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December 30, 2025, 10:52 IST
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Business
UPI transactions hit record Rs 29.53 lakh crore in March; volumes cross 22.6 billion – The Times of India
Unified Payments Interface (UPI) transactions touched a record high in March, with both value and volume hitting new peaks, driven by festive spending and financial year-end activity, according to PTI.Data released by the National Payments Corporation of India (NPCI) showed that UPI transactions totalled Rs 29.53 lakh crore in value during March, up 19 per cent from Rs 24.77 lakh crore in the same month last year.On a month-on-month basis, transaction value rose 10 per cent from Rs 26.84 lakh crore recorded in February.In volume terms, UPI registered 22.64 billion transactions during the month, marking a 24 per cent increase from 18.3 billion transactions a year ago. The volume was 20.39 billion in February.Average daily transactions stood at 730 million, with an average daily value of Rs 95,243 crore, as spending picked up during festivals such as Holi and Eid.“The sustained growth in the digital payment ecosystem in India is an affirmation of the penetration of real-time payment systems in the day-to-day life of the people. UPI processed 22.64 billion transactions worth 29.53 lakh crore in March 2026, marking its emergence as one of the trusted payment systems in the country,” said Anand Kumar Bajaj, MD & CEO of PayNearby.UPI now accounts for around 85 per cent of all digital transactions in India and contributes nearly 50 per cent of global real-time digital payments.The platform is operational in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius, with its entry into France marking its first expansion into Europe.NPCI, an initiative of the Reserve Bank of India and the Indian Banks’ Association, operates UPI, enabling real-time peer-to-peer and merchant payments across the country.
But Spencer says his business is being squeezed from every angle – as well as minimum wage, he has had increases in business rates, national insurance, and statutory sick pay. He also expects energy bills to go up because of the war in the Middle East.
Visa Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026.
Michael Nagle | Bloomberg | Getty Images
Visa is launching six new tools using artificial intelligence to modernize the process of disputing credit card charges, the company told CNBC exclusively.
The digital payments company said the tools are designed to reduce the costs and frustration of “outdated” dispute processes for multiple entities involved in the payments process: merchants, issuers and acquirers.
“Some of the challenges are these back-office systems are still largely manual,” Andrew Torre, Visa’s president of value-added services, told CNBC. “We really had to think differently about how we approach this at scale.”
In 2025, Torre said, Visa processed more than 103 million charge disputes globally, marking a 35% increase since 2019.
“Our goal is to streamline this as much as possible,” Torre said. “We’d love to be able to see that growth rate come down.”
Visa’s new tools are part of a larger push by major banks and financial institutions to incorporate AI into their businesses — both internally and in consumer-facing applications. JPMorgan Chase and Goldman Sachs have both said they’re already using AI to hire fewer people. BNY spent $3.8 billion on technology in 2025, or about 19% of its revenue.
Visa said three of its six new tools focus on merchants, allowing them to address potential disputes before they escalate, managing disputes with generative AI responses and providing a deeper level of detail on order insights to manage confusion over unfamiliar charges.
For example, Torre said, many disputes are borne out of cardholders not recognizing a specific charge on their statements. With the new tool, Visa will be able to provide further details to financial institutions to show cardholders that data at a deeper level, according to the company.
The other three tools are built for issuers and acquirers, using predictive AI models to aid in case-by-case analysis, analyzing documents for summaries and auto fill and establishing an AI-powered dispute platform to manage the entire process in one location, Visa said.
“We’ll be able to get them insights and data so they can move from being reactive to proactive,” Torre said.
Torre said Visa’s new AI tools are part of a broader host of solutions for consumers, including a subscription manager announced last week that allows cardholders to cancel unnecessary subscriptions directly on the manager.
The automation will save time, money and unnecessary confusion for both parties, he added. Most of the tools will be generally available later this year, the company said.
“We really believe that disputes in this solution makes it much easier to manage and resolve,” Torre said. “We think it has better outcomes for everyone.”
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UPI transactions hit record Rs 29.53 lakh crore in March; volumes cross 22.6 billion – The Times of India
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