Silver breaks records in China, price per kg is a whopping Rs… & more related news here

Gold and silver prices fell sharply on Friday morning, surprising investors who had seen both metals hit record highs earlier this week. After days of strong gains, prices fell as traders opted to lock in profits, triggering a sudden correction in global and Indian markets. The drop came just a day after silver crossed a historic milestone, raising new questions about where prices will head next.

Despite Friday’s drop, silver has seen an exceptional rally in recent weeks. In India, the metal had crossed Rs 4 lakh per kilogram on Thursday, reflecting strong global demand and limited supply. However, many investors believe that even these high prices are not the peak, especially when compared to silver prices in China.

China has the most expensive silver in the world

Contrary to popular belief, silver is not the most expensive in India or the United States. China currently has the highest silver prices in the world. On Thursday, silver was trading at around $109 an ounce in most global markets. In China, however, prices rose to nearly $125 per ounce, according to reports.

This creates a huge price gap of around $16 per ounce, which is roughly equivalent to Rs 1,470. Since one kilogram contains about 35 ounces, the difference in silver prices between China and the rest of the world amounts to almost Rs 51,000 per kilogram. In simple terms, silver in China is about Rs 51,000 more expensive per kg than in other major markets.

Why is silver so expensive in China?

The main reason behind the rise in silver prices in China is strong domestic demand. China consumes more than 65% of the world’s total silver supply, making it the largest consumer globally. Silver in China is not limited to jewelry; It is widely traded in the spot and futures markets and is used across industries.

As the global supply of silver dwindles, Chinese investors increasingly treat silver as a safe investment. This has caused demand to increase even more at a time when supply is shrinking.

Another important factor is China’s new silver export policy. Since early January, only companies with government licenses can export silver. This restriction has further reduced supply in the local market, raising prices even further.

Sharp drop in MCX on Friday

On Friday, gold and silver futures fell sharply on India’s Multi Commodity Exchange (MCX). The drop was largely due to profit booking after prices hit record highs earlier this week.

Gold futures for February 2026 delivery fell nearly Rs 10,000, or about 6%, to trade at Rs 1,61,000 per 10 grams in early trade. Meanwhile, silver futures for March 2026 delivery fell by about Rs 24,000, bringing prices down to Rs 3,75,900 per kilogram.

Market experts say these corrections are normal after a strong rally and advise investors to remain cautious in the short term.