Silver Futures Jump Nearly 5% To ₹2.65 Lakh Per Kg On Tariff Developments

Silver prices advanced strongly in the domestic futures market during Monday’s session. On the Multi Commodity Exchange, silver futures for March delivery rose ₹12,338, or 4.88%, to ₹2,65,282 per kg.

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A total of 6,024 lots were traded during the session.

The rise marked one of the sharpest single-day moves for silver futures in recent weeks. The contract moved higher through the session, reflecting momentum across precious metals.

International Market Trends

Silver prices also rose in overseas markets. On the Comex, silver futures for the March contract gained 5.58%, or $4.5, to $86.93 per ounce.

The rally in international prices provided support to domestic futures. Global price movements are closely tracked by market participants due to their influence on local contracts.

Trade And Tariff Developments

The rise in precious metal prices followed developments related to U.S. trade policy. The U.S. Supreme Court recently rejected former President Donald Trump’s use of emergency powers to impose reciprocal tariffs.

Following the ruling, Trump said he had raised a temporary global import levy from 10% to 15%.

The revised tariff represents the maximum allowed under the applicable law.

The decision and subsequent policy response have added uncertainty to global trade discussions.

India Trade Engagement

Amid the evolving tariff environment, India delayed talks aimed at finalising an interim trade agreement with Washington. The postponement followed uncertainty surrounding tariff policy after the court ruling.

Trade engagements between the U.S. and several countries remain subject to further policy clarity.

Broader Metals Context

Silver extended gains for a fourth consecutive session. Other precious metals also recorded advances during the period.

Market activity remained elevated as participants tracked trade-related announcements and policy actions. Chinese markets reopening after a holiday period also contributed to higher trading volumes in global commodity markets.

Silver prices continued to reflect developments in trade policy and international market movements during the session.