Silver prices in India surged to an unprecedented high of ₹1,06,400 per kilogram on June 10, 2025, setting a new record in the precious metals market. The sharp rally is driven by a mix of global economic uncertainties, rising industrial demand, and a bullish trend in commodity markets.
Why Are Silver Prices Rising?
Several key factors are contributing to the spike in silver prices:
- Global economic tensions: Ongoing geopolitical conflicts and inflation concerns are pushing investors toward safe-haven assets like silver.
- Industrial demand: Silver is widely used in electronics, solar panels, and EV batteries. The global green energy push has accelerated demand.
- Investment demand: Increased buying by ETFs and individual investors is tightening supply in major markets.
Impact in India
India, one of the largest consumers of silver, is seeing higher import costs due to rising global prices and a slightly weaker rupee. This surge is expected to affect:
- Jewelry and silverware pricing
- Industrial manufacturing costs
- Investment trends in bullion
Investor Sentiment
Analysts believe silver will remain in a bullish zone as long as global uncertainties persist. “Silver offers both industrial and monetary value, which makes it highly attractive in volatile times,” said a Mumbai-based commodities expert.
Outlook Ahead
While short-term corrections are possible, the long-term trend for silver remains positive. With continued momentum in green technologies and possible central bank rate cuts, silver may continue to see elevated demand.
Conclusion
With silver prices in India touching ₹1,06,400/kg, the metal is in the spotlight for investors and industries alike. Whether this trend continues depends on global market cues and local economic factors.
