Silver Prices Surge on Karwa Chauth: Check City-Wise Rates as Silver Touches ₹1.77 Lakh per Kg
On the festive day of Karwa Chauth (October 10, 2025), silver prices witnessed a significant rise across major Indian cities. According to the latest market data, the price of silver surged by nearly ₹7,000 per kilogram, continuing its bullish trend amid strong global and industrial demand.
In Chennai, the rate of one kilogram of silver has crossed the ₹1,77,100 mark, while in Delhi, it is currently trading around ₹1,67,100 per kilogram. This creates a noticeable price gap of almost ₹10,000 per kg between southern and northern regions of India.
Why Silver Prices Are Rising
Experts attribute this steady rise in silver prices primarily to global market movements rather than domestic factors. In recent months, industrial demand for silver has increased significantly, particularly in electronics, solar energy, and electric vehicle manufacturing sectors. These industries rely heavily on silver due to its excellent conductivity and reflective properties.
The rising global appetite for silver as a key component in renewable energy solutions — especially in solar panels and electric batteries — has driven prices upward. Additionally, as the world transitions toward clean energy and digital infrastructure, the consumption of silver is expected to grow even further.
In India, silver demand is traditionally high during festive seasons like Karwa Chauth, Dhanteras, and Diwali, when people purchase silver jewelry, coins, and utensils for auspicious reasons. With this festive buying coinciding with global price hikes, local markets have seen silver rates touching record highs.
Just a few months ago, the price of one kilogram of silver hovered around ₹1,60,000, but it has now climbed to nearly ₹1,70,000–₹1,77,000, marking one of the steepest short-term jumps of the year.
Industrial Demand Driving Prices
According to industry data, industrial use accounts for about 60–70% of the total global silver demand. This includes uses in electronics, solar energy, and medical technologies. As manufacturing output recovers and new green technologies expand, silver consumption continues to rise.
Market analysts also point to geopolitical tensions, inflationary trends, and fluctuations in the US dollar index as contributing factors behind the surge in silver and gold prices. When global investors seek safe-haven assets during economic uncertainty, precious metals like silver and gold typically gain value.
City-Wise Silver Prices on October 10, 2025
Here’s how silver prices are trending across major Indian cities as of Friday, October 10, 2025:
| City | Price per kg (₹) |
|---|---|
| Delhi | 1,67,100 |
| Mumbai | 1,67,100 |
| Ahmedabad | 1,67,100 |
| Chennai | 1,77,100 |
| Kolkata | 1,67,100 |
| Gurugram | 1,67,100 |
| Lucknow | 1,67,100 |
| Bengaluru | 1,67,100 |
| Jaipur | 1,67,100 |
| Patna | 1,67,100 |
| Bhubaneswar | 1,67,100 |
| Hyderabad | 1,77,100 |
Outlook for Silver Investors
Market experts believe that silver prices may continue their upward momentum in the short term, supported by global industrial activity and festive season demand. However, they advise investors to remain cautious, as silver prices can also be influenced by sudden shifts in the global economy or central bank policies.
Investors looking to enter the silver market may consider systematic purchases or small-lot investments, as prices are expected to remain volatile. In the long run, silver remains an attractive asset due to its dual role — both as an industrial commodity and a precious investment metal.
Conclusion
As India celebrates Karwa Chauth, the surge in silver prices reflects both festive enthusiasm and international market dynamics. With silver touching ₹1.77 lakh per kilogram in some cities, it continues to glitter not just as an ornament but also as a strong investment option in uncertain economic times.
