Silver Stuns Market: Prices Climb Rs 99,000 In Just 57 Days, Log 155% Yearly Rise

New Delhi: Silver prices have shot up sharply this year, surprising traders and investors alike. From early 2025 to late December, the price of silver in India climbed from about Rs 98,900 per kilogram to over Rs 2.5 lakh. That's a gain of roughly 155 per cent in just one year. In the past two months alone, prices jumped by around Rs 99,000.

Markets in major cities like Delhi even saw rates touch around Rs 2,51,000 per kg on Friday, reflecting strong global demand.

What's Driving the Rally?

Several factors are pushing prices up. Strong industrial demand for silver in sectors like electronics, solar energy and electric vehicles has tightened supplies. At the same time, expectations of interest rate cuts by the US Federal Reserve have made precious metals more attractive to investors. Global uncertainty and geopolitical tensions are also nudging money toward safe-haven assets like silver.

Compared with gold, silver’s rise has been more dramatic this year. While gold also climbed, silver's percentage gain outpaced it, drawing attention from both small and large investors.

Are People Changing How They Invest?

Many investors, including first-time buyers, are looking at silver not just as jewellery metal but as a way to diversify their portfolios. Traders say that both retail buyers and financial investors have been stepping in to buy silver, expecting prices to stay elevated.

In jewellery markets, demand patterns are shifting too. Some buyers are delaying purchases, hoping for a price correction, while designers and manufacturers adapt to high metal costs with new product styles.