Silver Prices Surge Past ₹1.57 Lakh Ahead of Karva Chauth: Rising Global Demand Fuels Rally
Silver is shining bright ahead of the festive season. On October 8, 2025, silver prices continued their upward march, crossing the ₹1.57 lakh per kilogram mark in several major cities across India. With Karva Chauth just around the corner, demand for silver jewellery and industrial usage has pushed the metal’s prices to record highs.
💰 Silver Prices Rise Steadily Before Karva Chauth
According to data from domestic bullion markets, silver opened today at ₹1,57,100 per kilogram, marking a gain of over ₹800 compared to the previous day. The price rally is not just limited to India — it’s being driven largely by international market trends and strong industrial demand.
Experts say that the ongoing momentum in silver prices could continue through the festive season, supported by both consumer buying and industrial consumption.
🌍 Global Factors Driving the Silver Rally
While local festive demand contributes to short-term price movement, the global industrial demand remains the primary factor behind silver’s surge. Silver plays a critical role in industries like electronics, solar energy, and electric vehicles, which together account for 60–70% of total silver demand.
As global economies push towards renewable energy and advanced manufacturing, silver’s importance as an industrial metal has increased dramatically — leading to consistent price growth in international markets.
📈 City-Wise Silver Prices (as of October 8, 2025)
| City | Price per 1 kg (₹) |
|---|---|
| Delhi | 1,57,000 |
| Mumbai | 1,57,000 |
| Ahmedabad | 1,57,000 |
| Chennai | 1,67,000 |
| Kolkata | 1,57,000 |
| Gurugram | 1,57,000 |
| Lucknow | 1,57,000 |
| Bengaluru | 1,57,000 |
| Jaipur | 1,57,000 |
| Patna | 1,57,000 |
| Bhubaneswar | 1,57,000 |
| Hyderabad | 1,67,000 |
Source: Domestic Bullion Market Data
Chennai and Hyderabad are currently witnessing the highest silver prices at ₹1.67 lakh per kilogram, primarily due to stronger local demand and logistics costs.
🎉 Festive Season Demand Adding to the Shine
With Karva Chauth, Dussehra, and Diwali approaching, the jewellery market has witnessed a noticeable spike in silver purchases. Consumers are turning to silver ornaments, idols, coins, and utensils, driving retail demand further.
Jewellers report that buyers are showing increased interest in silver coins and gift items, which are considered auspicious purchases during this time of the year. This seasonal demand, coupled with global industrial pressure, is expected to keep prices elevated throughout October.
⚙️ Expert Outlook: Will Prices Continue to Rise?
Analysts suggest that the silver market is likely to remain bullish in the near term. The dual nature of silver — as both a precious metal and an industrial commodity — gives it an edge over gold in times of high industrial activity.
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Industrial Growth: As manufacturing and clean energy sectors expand, silver’s usage will only rise.
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Festive Momentum: Domestic jewellery demand will add short-term price support.
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Market Volatility: Any correction in the global dollar index or interest rate policy could also influence metal prices.
However, experts also caution small investors to remain alert, as silver prices can be volatile due to fluctuating global supply and currency movements.
🔍 Bottom Line
As of October 8, 2025, silver is trading above ₹1.57 lakh per kilogram, marking one of its highest levels this year. With strong global industrial demand and festive buying in full swing, silver continues to sparkle brighter than ever.
If the current momentum continues, market watchers say silver could soon test new highs — making this festive season a glittering one for both investors and consumers alike.
In short: Silver is not just shining — it’s surging
