Silver prices surge over ₹11,000 per kg, across India amid global cues, experts weigh outlook

Silver prices witnessed a sharp surge across India in early trading, rising by over ₹11,000 per kilogram and reaching record-high levels in several cities. The sudden spike has pushed the precious metal into a higher trading range, reflecting strong market momentum in the domestic bullion segment.

In major markets like Delhi, silver jumped by ₹11,800 to trade around ₹270,100 per kilogram. Similar trends were observed in Mumbai, Ahmedabad, and Kolkata, where prices hovered near ₹269,900 per kilogram. Meanwhile, cities such as Jaipur, Surat, and Pune saw rates around ₹270,200 per kilogram. In southern and eastern regions, Bengaluru recorded prices near ₹270,400, while Patna and Bhubaneswar saw rates around ₹270,000 per kilogram. Hyderabad registered a sharper rise to ₹274,800, while Chennai topped the charts with silver reaching ₹275,100 per kilogram, marking the highest level in the country.

Market experts attribute the rally to global factors, including a weakening dollar and ongoing geopolitical tensions in West Asia, which have boosted investor interest in precious metals. While prices have surged significantly—by nearly ₹20,000 per kilogram over the past month—analysts note that industrial demand remains subdued due to global uncertainties. However, a potential easing of geopolitical tensions could revive demand and further influence price trends in the coming months.