Silver Prices Surge Ahead of Karva Chauth: Rates Cross ₹1.7 Lakh per Kg in Chennai, ₹1.6 Lakh in Delhi
Silver Rate Today, October 9, 2025: Silver prices continued their upward momentum on Thursday, marking yet another day of sharp gains ahead of the festive season. The precious metal has become increasingly expensive across India, with significant differences in rates between major cities.
In Chennai, the price of one kilogram of silver has now climbed above ₹1,70,000, setting a new local high. Meanwhile, in Delhi, silver is being traded at around ₹1,60,100 per kilogram. This means there’s nearly a ₹10,000 difference in silver prices between the southern and northern markets. Compared to Wednesday’s rate, silver became costlier by approximately ₹3,100 per kilogram.
Why Are Silver Prices Rising?
The recent surge in silver prices is primarily driven by global market factors rather than domestic ones. The rise in industrial demand for silver — particularly in sectors like electronics, solar energy, and electric vehicles — has been a key contributor to the price hike. Globally, investors are also viewing silver as a hedge against inflation and market uncertainty, further fueling the rally.
In India, silver has been on an upward trend since the beginning of October, with prices gaining momentum as the festival of Karva Chauth approaches. The growing demand for silver jewelry, coins, and ornaments during this period traditionally boosts the market. However, the current rally is amplified by industrial usage, which now accounts for an estimated 60%–70% of the total silver demand.
City-Wise Silver Rates on October 9, 2025
Here’s a look at the latest silver prices per kilogram in major Indian cities as of Thursday morning:
| City | Silver Price (₹/Kg) |
|---|---|
| Delhi | ₹1,60,100 |
| Mumbai | ₹1,60,100 |
| Ahmedabad | ₹1,60,100 |
| Chennai | ₹1,70,100 |
| Kolkata | ₹1,60,100 |
| Gurugram | ₹1,60,100 |
| Lucknow | ₹1,60,100 |
| Bengaluru | ₹1,60,100 |
| Jaipur | ₹1,60,100 |
| Patna | ₹1,60,100 |
| Bhubaneswar | ₹1,60,100 |
| Hyderabad | ₹1,70,100 |
The consistent price rise across regions shows that silver is gaining strong traction both as a decorative and industrial metal. Chennai and Hyderabad remain the most expensive markets for silver in India, crossing the ₹1.7 lakh mark per kilogram.
Festive Season and Investment Impact
Experts believe that with Karva Chauth, Diwali, and other festivals approaching, the demand for silver jewelry and artifacts is likely to remain strong. Retailers have already reported a noticeable jump in pre-festival buying. Many investors are also turning to silver as a safer investment option compared to equities, expecting prices to rise further by the end of the year.
Meanwhile, gold has also been witnessing a steady increase, marking its fourth consecutive day of gains. Analysts suggest that the combined effect of rising gold and silver prices reflects a global shift toward precious metals amid economic uncertainty.
If the current momentum continues, silver prices may soon test new highs across Indian markets. For buyers planning to purchase silver jewelry or coins, experts recommend acting sooner rather than later, as rates could continue to climb during the festive season.
