Silver Prices Surge: ₹6,000 Jump Pushes Silver Above ₹1.84 Lakh per Kg in Chennai — Check Rates in 12 Major Cities
Silver prices in India witnessed a sharp rise on Saturday, October 11, 2025, continuing their upward streak across major cities. According to the latest market data, the price of silver increased by ₹6,000 per kilogram, taking Chennai’s rate to ₹1,84,100 per kg, while Delhi recorded ₹1,74,100 per kg. This marks a significant difference of nearly ₹10,000 between southern and northern regions.
Silver Prices Rise Sharply Across Indian Cities
The festive season, coupled with growing industrial demand, has contributed to the recent rally in silver prices. The metal’s value has been climbing steadily in both domestic and international markets, making it one of the most watched commodities this month.
Here’s the latest city-wise silver price (per kg as of October 11, 2025):
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹1,74,100 |
| Mumbai | ₹1,74,100 |
| Ahmedabad | ₹1,74,100 |
| Chennai | ₹1,84,100 |
| Kolkata | ₹1,74,100 |
| Gurugram | ₹1,74,100 |
| Lucknow | ₹1,74,100 |
| Bengaluru | ₹1,74,100 |
| Jaipur | ₹1,74,100 |
| Patna | ₹1,74,100 |
| Bhubaneswar | ₹1,74,100 |
| Hyderabad | ₹1,84,100 |
Chennai and Hyderabad currently lead the chart with the highest silver prices in the country. Meanwhile, other major metros like Mumbai, Delhi, and Kolkata are witnessing stable but upward trends.
Why Are Silver Prices Rising?
Experts attribute this steady price rise to strong global industrial demand, particularly from the electronics and solar energy sectors. Silver plays a crucial role in the manufacturing of solar panels and semiconductors — two industries that are rapidly expanding worldwide.
Additionally, investment demand has also surged as investors look for safer assets amid global economic uncertainties and fluctuating interest rates. This dual demand — industrial and investment — has driven silver prices higher not just in India but also across global commodity exchanges.
In India, silver demand is also getting a seasonal boost. With Dhanteras and Diwali around the corner, the appetite for silver jewelry, coins, and bars has grown significantly. Traditionally, silver purchases during these festivals are considered auspicious, further adding to the domestic price pressure.
Industrial Demand Fuels the Rally
According to market analysts, industrial consumption now accounts for 60–70% of total silver demand. As industries continue to scale production, especially in clean energy and electronics, silver’s usage is expected to rise even more in the coming quarters.
This industrial dependency is one of the key reasons why silver’s movement differs from gold. While gold is largely seen as a safe-haven investment, silver has a strong industrial angle, making it more sensitive to manufacturing trends and technological growth.
Investors Should Stay Cautious
While the silver rally looks promising, experts advise investors to be cautious. The recent price hike may lead to short-term corrections once the festive season ends or if global demand stabilizes. Those planning to invest in silver should consider gradual accumulation rather than bulk buying at peak prices.
Financial planners recommend diversifying investments instead of putting all savings into precious metals. Silver, though lucrative during rallies, can also experience volatility depending on global industrial output and currency movements.
The Bottom Line
The festive and industrial push has clearly fueled silver’s price rally in India. From ₹1,68,000 to over ₹1,84,000 per kg in a short span, the precious metal has shown remarkable strength. With strong global cues and domestic festive buying, silver may continue its upward trend through October.
However, both buyers and investors should keep an eye on market fluctuations and avoid making hasty decisions based solely on festive enthusiasm. As experts say — a balanced investment approach ensures both profit and peace of mind.
