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Silver Prices Near ₹2 Lakh Mark in Chennai as Global Demand Drives Record Surge
Siddhi Jain | October 14, 2025 12:15 PM CST

Silver Price Today, October 14, 2025: The rally in precious metals continues across Indian markets, with silver prices climbing sharply on Tuesday, October 14. The latest figures show that the white metal is inching closer to the ₹2 lakh per kilogram mark in Chennai, marking one of the highest levels ever recorded in the country.

According to market reports, silver prices rose by ₹5,500 per kilogram today compared to Monday’s rate. In Chennai, silver is now trading at ₹1,97,100 per kilogram, while in Delhi, the price stands at ₹1,85,100 per kilogram. This steep rise comes ahead of the festive season, posing a challenge for buyers planning to purchase silver jewellery, idols, or utensils before Dhanteras and Diwali.

Silver Prices Across Major Indian Cities

Here’s the latest update on silver rates (per kilogram) as of October 14, 2025:

City Silver Price (₹/kg)
Delhi 1,85,100
Mumbai 1,85,100
Ahmedabad 1,85,100
Chennai 1,97,100
Kolkata 1,85,100
Gurugram 1,85,100
Lucknow 1,85,100
Bengaluru 1,85,100
Jaipur 1,85,100
Patna 1,85,100
Bhubaneswar 1,85,100
Hyderabad 1,97,100

With Chennai and Hyderabad leading the chart, the gap between northern and southern city prices now exceeds ₹12,000 per kilogram.

Why Silver Prices Are Rising

The steady increase in silver prices isn’t just a seasonal trend. Analysts attribute the current surge to rising global demand, especially from industrial sectors. Silver plays a critical role in electronics manufacturing and solar panel production, which has significantly increased consumption worldwide.

Experts say nearly 60–70% of total silver demand now comes from industrial applications rather than jewellery alone. As the clean energy transition accelerates, silver’s industrial value has added new momentum to its price growth.

In international markets, silver prices have also rallied by nearly 3%, reaching around $51.74 per ounce, which further strengthens domestic rates. The ripple effect of this global trend is clearly visible in Indian markets, where prices have reached record highs.

Recent Market Movements

On Monday, October 13, the Delhi bullion market witnessed sharp gains in both gold and silver. Silver jumped by ₹7,500 per kilogram, touching ₹1,79,000 per kilogram, while gold rose by ₹1,950 per 10 grams, hitting a new record level of ₹1,27,950.

In the Indore bullion market, local traders also reported strong movement. Gold surged by ₹2,000 per 10 grams, reaching ₹1,29,000, while silver prices increased by ₹11,500 per kilogram, closing at ₹1,77,500. Silver coins were priced around ₹2,000 per piece amid heavy festive buying.

The Festive Impact

With Dhanteras and Diwali just around the corner, demand for precious metals typically sees a major upswing. However, this year, the price rally might dampen consumer sentiment to some extent. Many jewellers expect a short-term dip in retail demand, though long-term investors continue to see silver as a stable and lucrative asset.

Commodity experts suggest that silver could touch ₹2,00,000 per kilogram soon if global industrial demand continues at the current pace. The combination of strong international buying, limited supply, and festive season sentiment has created the perfect environment for record-high prices.

What Lies Ahead

Analysts believe the uptrend in silver is far from over. If inflation remains steady and central banks worldwide continue to adopt supportive monetary policies, silver prices may sustain their momentum into 2026. The rising use of silver in solar technology and green energy applications ensures that the metal’s long-term demand remains robust.

For Indian buyers, the current price rally serves as both a concern and an opportunity. While the rising rates may make festive purchases expensive, investors holding silver are seeing impressive gains.

Conclusion

Silver prices in India have reached unprecedented highs, with Chennai emerging as the costliest city for the metal at nearly ₹2 lakh per kilogram. The surge reflects not just festive buying but also the growing industrial and technological demand worldwide.

As experts predict continued strength in the silver market, the metal remains a key focus for both investors and traders. Whether you’re buying for tradition or investment, the message is clear — silver is shining brighter than ever before.


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