Silver Prices Drop Ahead of Festive Demand Cool-Off — Check Latest Silver Rates on November 5, 2025
Silver Rate Update: Prices Decline on Guru Nanak Jayanti, Down by ₹3,200 per Kg Across Key Cities
On the auspicious occasion of Guru Nanak Jayanti, silver prices witnessed a sharp decline across major Indian cities on Wednesday, November 5, 2025. After showing slight upward movement earlier this week, silver has now turned cheaper by ₹3,200 per kilogram compared to yesterday’s rate.
In the national capital, silver is trading at ₹1,50,900 per kg, while in Chennai, prices stand higher at ₹1,64,900 per kg. Similar rates have been recorded in other metro cities such as Mumbai, Kolkata, Ahmedabad, Gurugram, and Jaipur, where the price remains consistent at ₹1,50,900 per kg.
This dip in silver rates comes amid a slowdown in festive demand after a week of robust buying during Diwali and Dhanteras. Experts believe the current decline is temporary and that silver prices may rise again in the medium to long term as industrial demand remains strong.
Silver Prices Across Major Cities (as of November 5, 2025)
| City | Price per 1 kg (₹) |
|---|---|
| Delhi | 1,50,900 |
| Mumbai | 1,50,900 |
| Ahmedabad | 1,50,900 |
| Chennai | 1,64,900 |
| Kolkata | 1,50,900 |
| Gurugram | 1,50,900 |
| Lucknow | 1,50,900 |
| Bengaluru | 1,50,900 |
| Jaipur | 1,50,900 |
| Patna | 1,50,900 |
| Bhubaneswar | 1,50,900 |
| Hyderabad | 1,64,900 |
The data indicates that Chennai and Hyderabad continue to record the highest silver prices, with a notable difference of around ₹14,000 per kg compared to northern and western cities.
Why Are Silver Prices Falling?
The recent decline can be attributed to a short-term drop in retail and wholesale demand following the festive rush. During Diwali, a surge in jewellery and coin purchases had pushed silver prices upward. However, as the buying sentiment cooled off post-festival, prices corrected accordingly.
Analysts also point to slight fluctuations in the international market as a contributing factor. A strong US dollar and profit booking among global investors have led to temporary softness in precious metal prices, including silver.
Despite this dip, market experts remain optimistic. They expect silver to rebound due to its expanding use in industrial and technological sectors — including solar panels, electric vehicles, electronics, and semiconductors. This consistent industrial demand is likely to keep long-term prospects for silver bullish.
Silver’s Rising Role in Industry
Traditionally valued for its beauty and purity, silver is now recognized as a critical industrial metal. Its excellent electrical and thermal conductivity make it an essential component in modern technologies.
Today, silver is extensively used in the manufacturing of mobile phones, computer chips, medical equipment, and renewable energy systems. The global shift toward sustainable energy and electric mobility has further boosted silver’s industrial demand.
Industry reports indicate that nearly 60% of annual silver consumption worldwide now comes from industrial applications — a trend that is expected to strengthen in the coming years.
Outlook: Short-Term Dip, Long-Term Strength
While the immediate market shows a temporary decline due to reduced consumer demand, analysts believe silver’s long-term outlook remains strong. Global economic uncertainty, potential monetary easing by central banks, and expanding industrial applications are likely to drive prices upward again.
For investors, the current dip could present a buying opportunity before prices regain momentum. With both investment and industrial demand expected to grow, silver may soon reclaim its upward trajectory.
In summary, silver prices in India have softened on Guru Nanak Jayanti after festive buying subsided. However, with its increasing relevance in both investment portfolios and technological innovation, silver continues to hold solid long-term value for traders and consumers alike.
