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Silver Surges Past ₹1.09 Lakh per Kg on MCX – A Historic High

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Mumbai, June 19, 2025 – In a historic development for the precious metals market, silver prices on the Multi Commodity Exchange (MCX) crossed the ₹1.09 lakh per kilogram mark for the first time ever, driven by strong global cues, safe-haven demand, and investor optimism in commodities.

The benchmark July futures contract of silver surged to ₹1,09,250/kg during early trade on Wednesday, setting a new all-time high on MCX. This unprecedented rally reflects a confluence of international market momentum, a weakening dollar, and persistent inflation concerns globally.

Why Is Silver Rallying?

Analysts attribute the sharp rise in silver prices to several key factors:

  • Global Market Tailwinds: International silver prices have been steadily rising amid geopolitical tensions, higher industrial demand, and expectations of interest rate cuts by central banks, particularly the U.S. Federal Reserve.
  • Safe-Haven Demand: With global economic uncertainty and volatile equity markets, investors are increasingly turning to silver and gold as hedges, contributing to upward pressure on prices.
  • Industrial Demand: Silver is a critical component in electronics, solar panels, and EV batteries. The clean energy transition continues to boost demand for the metal across manufacturing hubs.
  • Speculative Buying: In recent sessions, silver has witnessed renewed interest from retail and institutional investors alike, fueling speculative buying on MCX.

Gold Also on the Rise

The surge in silver comes alongside gains in gold, which is trading near record highs as well. MCX gold futures hovered above ₹72,000 per 10 grams, mirroring the broader bullish sentiment in the bullion market.

What It Means for Investors and Consumers

For investors, this rally reaffirms the long-standing position of silver as a valuable portfolio diversifier and inflation hedge. However, for industries reliant on silver, such as electronics and jewelry, rising input costs could lead to downstream price hikes.

Market experts advise caution, noting that while the trend is bullish, volatility could rise in the short term. Profit-booking and macroeconomic shifts could still affect prices in the coming weeks.

Quote:
“The ₹1.09 lakh mark is a psychological and technical milestone. Silver’s fundamentals remain strong, but short-term corrections can’t be ruled out,” said Anuj Mehta, a commodities strategist.

Outlook: Will the Rally Sustain?

As the global economy navigates a mix of inflationary pressures, rate decisions, and geopolitical dynamics, precious metals are likely to remain in focus. If current trends continue, silver may test higher levels in the coming months, with resistance seen around ₹1.12–1.15 lakh/kg, according to market analysts.

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Ambanis Meet President-Elect Trump: A New Era of India-US Relations

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In a significant gesture of goodwill and cooperation, Indian business leaders Mukesh Ambani and his wife Nita Ambani attended a private reception in Washington, where they extended their warmest congratulations to President-Elect Donald Trump ahead of his inauguration.

The Ambanis, who are prominent figures in Indian business and philanthropy, expressed their shared optimism with President-Elect Trump for deeper India-US relations, wishing him a transformative term of leadership that would pave the way for unprecedented progress and collaboration between the two nations.

This meeting assumes great significance, given the importance of India-US relations in promoting regional stability, security, and economic growth. The Trump administration has identified India as a crucial partner in the region, and this encounter highlights the growing convergence of interests between the two nations.

A New Era of Cooperation

The Ambanis’ presence at the reception underscores the growing economic ties between India and the US. Bilateral trade between the two nations has been on the rise, with the US emerging as one of India’s largest trading partners. Indian companies, including those led by the Ambanis, have made significant investments in the US, creating jobs and driving economic growth.

As President-Elect Trump prepares to take office, this meeting sends a positive signal about the future of India-US relations. With their vast business experience and philanthropic efforts, the Ambanis are well-positioned to play a key role in promoting cooperation and understanding between the two nations.

A Shared Vision for Progress

The Ambanis’ conversation with President-Elect Trump reflects their shared vision for progress and cooperation between India and the US. As the world’s largest democracy and the world’s oldest democracy, respectively, India and the US have a unique opportunity to work together on issues of mutual concern, from terrorism and climate change to trade and economic development.

As the Trump administration begins its term, this meeting marks an important step forward in India-US relations. With their commitment to cooperation and progress, the Ambanis and President-Elect Trump have set the stage for a new era of collaboration and achievement between the two nations.

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Goa Marks National Startup Day 2025 with a Focus on Innovation and Entrepreneurship

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Panjim, January 17, 2025: On National Startup Day 2025, the Startup & IT Promotion Cell (SITPC) under the Department of Information Technology, Electronics, and Communications (DITE&C), Government of Goa, organized an event at Fortune Miramar, Panjim. The event was attended by dignitaries, including Shri Prasanna Acharya, IAS, Director of the Department of IT, Electronics, and Communications; Dr. Milind Sakhardande, Joint Director of the Department of ITE&C; Shri Nijanand Vasta, Deputy Director (IT); Ms. Priyatama Patil, Assistant Director (IT); Shri Neville Noronha, OSD to the Minister of IT, Electronics & Communications; and Shri D. S. Prashant, CEO of the Startup and IT Promotion Cell. Entrepreneurs, innovators, mentors, and stakeholders from Goa’s startup ecosystem gathered to exchange ideas, share knowledge, and explore collaboration opportunities.

The event began with a presentation by Mr. D.S. Prashant, CEO of the Startup and IT Promotion Cell, highlighting Goa’s progress in the startup sector. He shared that the state has 570 DPIIT-recognized startups, 255 SITPC-certified startups, and 270 startups led by women directors, with 40% in early transaction or scaling stages. Goa’s startups have raised INR 1300 crore in private funding and received INR 15 crore in government grants (Central and State). Mr. Prashant also outlined the objectives of the Goa Startup Policy 2024, which aims to establish Goa as a hub for innovation and entrepreneurship, with a goal to support 1,000 startups by 2027.

Speaking at the event, Shri Prasanna Acharya, IAS, Director of the Department of ITE&C, Government of Goa emphasized Goa’s future plans. “On this National Startup Day 2025, we reflect on the growth of Goa’s startup ecosystem and its role in creating opportunities. Our goals include generating 10,000 jobs for Goans and facilitating venture funding for at least 100 startups. With infrastructure that includes six incubators, over 15 co-working spaces, startup cafés, and venture studios, we are building an ecosystem that supports startups at every stage” he said.
The event featured workshops aimed at providing practical insights for startups. Ms. Namrata Chawla, Certified Business Coach and Founder of MindMines, led a session on early-stage product development and the concept of a Minimum Viable Product (MVP). She focused on the importance of identifying and refining a single key feature that sets a product apart. She also shared her perspective on pricing, saying, “Do not charge for what the product is; charge for what the product will be.” Drawing from her psychology background, she explained how understanding human behavior can influence pricing strategies, customer engagement, and business decisions.

Another workshop on fundraising, conducted by Ms. Varsha Adusumilli, Co-founder of Kstart—a $10M structured seed fund anchored by Kalaari Capital—and former Founding Vice President of YourStory Media, provided a clear overview of funding options. Topics included finding the right angel investors, strategies for raising angel funding, understanding venture capital, and creating effective pitch decks. Participants gained insights into navigating the fundraising process.

The event also showcased innovative solutions by local entrepreneurs. Ms. Shivona Fernandes, Project Manager at SOLO Network, demonstrated an internship and mentor finder app, while Mr. Siddharth Goel, Co-founder of KYP Solutions, presented a skill assessment tool to help founders understand their strengths and areas for improvement.

National Startup Day 2025 showcased Goa’s potential as a startup hub by providing platforms for learning and equipping entrepreneurs with essential skills. Through workshops, product demos, and networking, the event reinforced Goa’s commitment to driving innovation, promoting digital transformation, and building a thriving ecosystem for startups and technology businesses.