Silver Hits Record ₹1.09 Lakh/Kg on MCX as Israel-Iran Conflict Spurs Safe-Haven Rush
June 18, 2025 – Silver futures on the Multi Commodity Exchange (MCX) hit an all-time high of ₹1,09,250 per kilogram on Tuesday, June 17, 2025, marking a sharp 2.5% intraday gain. The surge came amid mounting investor anxiety over the escalating Israel-Iran conflict, which entered its fifth day and intensified demand for safe-haven assets.
The July 2025 silver futures contract saw a rise of ₹2,686 per kilogram from its previous close of ₹1,06,564, setting a new record in India’s commodity market. As of 4:56 PM IST, silver was trading 2.23% higher at ₹1,08,945/kg on MCX.
The ongoing conflict has created global market uncertainty, leading investors to pull out from equities and risk-heavy asset classes, redirecting funds into traditionally safer options like silver, gold, and government bonds.
Alongside silver, gold prices also edged higher. On MCX, gold futures for June 2025 gained 0.47%, or ₹472, to hit an intraday high of ₹99,650 per 10 grams, up from Monday’s close of ₹99,178.
Globally, gold prices rose 0.3% on the U.S.-based Comex exchange, driven by geopolitical fear and a weaker risk appetite. Bloomberg reported that the global gold rally was fueled by investors bracing for potential escalation in West Asia and waiting on the U.S. Federal Reserve’s policy announcement.
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According to Bloomberg data, the U.S. Dollar Index also rose marginally by 0.07%, reaching 98.066 as of 7:32 AM EDT. A stronger dollar typically caps further gains in precious metals, but current geopolitical risks have overridden typical resistance patterns.
With the Israel-Iran conflict and the U.S. Fed’s policy outlook dominating global market sentiment, commodities like silver and gold are likely to remain in focus for investors seeking shelter from volatility.
Tags: Silver price, MCX, record silver price, gold price today, Israel-Iran war, safe-haven assets, geopolitical tensions, commodity market, July silver futures, gold MCX, dollar index
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