International News
Silver futures surge to an all-time high of ₹1,09,250 per kg
The global financial landscape often mirrors the geopolitical climate, and recent movements in the commodity markets provide a stark illustration. On June 17, 2025, silver futures on India’s Multi Commodity Exchange (MCX) surged to an unprecedented all-time high of ₹1,09,250 per kilogram. This remarkable 2.5% single-day jump, translating to a gain of ₹2,686 per kilogram, underscores a clear trend: escalating investor anxiety driven by the ongoing conflict between Israel and Iran is fueling a robust demand for safe-haven assets.
The July 2025 silver futures contract opened with significant momentum, pushing past its previous close of ₹1,06,564 per kilogram to reach its intraday peak. This sharp uptick is directly attributable to the desire among investors to mitigate risk during periods of heightened uncertainty. In times of geopolitical turmoil, traditional safe havens like precious metals become particularly attractive, offering a perceived shield against the volatility of other asset classes. The protracted and intensifying hostilities in the Middle East have understandably created an environment where capital seeks refuge, and silver, alongside gold, has emerged as a prime beneficiary.
As the day progressed, silver futures continued to trade strongly, holding firmly above the ₹1,08,900 mark, reflecting sustained investor confidence in its role as a store of value. This surge is not merely a fleeting market anomaly but rather a significant indicator of the depth of concern permeating global financial circles. The conflict between Israel and Iran, with its potential for wider regional destabilization, serves as a powerful catalyst, directing capital flows towards assets historically considered impervious to economic and political shocks.
DMCC – the leading international business district that drives the flow of global trade through Dubai – officially launched DMCC FinX today during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector.
Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry.
Keynote speeches were delivered by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Ruth Crowell, Chief Executive of the London Bullion Market Association (LBMA) and global financial commentator Grant Williams. The conference featured senior representatives from leading exchanges, refineries, bullion banks and regulatory bodies, including the World Gold Council, the Shanghai Gold Exchange, CME Group and the UAE Ministry of Economy. Panel sessions explored the realignment of global trade flows, the harmonisation of international standards, responsible sourcing in artisanal mining and the evolving role of bullion banks in a multipolar economy.
One of the headline announcements of the day was the formal launch of DMCC FinX – a strategic expansion designed to connect capital market participants, trade finance professionals and fintech innovators with DMCC’s rapidly growing community of more than 26,000 companies. Built on DMCC’s established financial and commodities infrastructure – including the Dubai Gold & Commodities Exchange (DGCX), its central counterparty and clearinghouse the Dubai Commodities Clearing Corporation (DCCC), DMCC Crypto Centre, DMCC Tradeflow platform, and key industry partnerships with regulatory players such as the Dubai Virtual Assets Regulatory Authority (VARA) – DMCC FinX will bridge real-world commerce, capital markets and digital assets, reinforcing Dubai’s position as a global hub where finance and trade intersect
DMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology
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