Silver prices in India have reached all-time high levels, driven by robust domestic demand, constrained supply, and global market factors. Physical silver is trading at ₹185 per gram and ₹1,85,000 per kilogram, reflecting a steep premium over international benchmarks.
Global spot silver prices surged to around $50 per ounce in early October amid renewed safe-haven buying and heightened investor interest.
In India, the festive season ahead of Dhanteras and Diwali has amplified demand for silver coins, bars, jewellery, and idols, with imports nearly doubling in September compared to last year.
Rahul Kalantri, VP Commodities at Mehta Equities, noted, “Silver witnessed sharp volatility, plunging in early trade before recovering amid profit booking in the dollar index and following fresh US