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Silver Market Turns Bullish After Three Days of Gains

After weeks of uncertainty, silver prices in India have regained momentum, showing a strong upward trend for the third consecutive day. On Tuesday, the price of silver surged by ₹4,700 per kilogram, and on Wednesday, November 12, 2025, it recorded another sharp rise of ₹4,900 per kilogram. According to market reports, silver is now trading at ₹1,62,000 per kg in Delhi and has touched ₹1,73,000 per kg in Chennai — signaling a renewed rally in the precious metals market.

The sudden rise in silver prices comes as festive and wedding seasons drive demand across major cities including Delhi, Mumbai, Chennai, Hyderabad, and Lucknow. Experts believe that with the ongoing celebrations and increased consumer buying, silver may continue its upward trajectory in the coming days.

Silver Gains Momentum Across Indian Cities

As of Wednesday, November 12, 2025, domestic bullion markets opened in the green, with silver trading higher in nearly every major city. Prices climbed by ₹4,900 per kilogram across northern and western regions such as Uttar Pradesh, Bihar, Delhi, Mumbai, and Gujarat.

Despite the recent surge, silver remains about ₹50,000 cheaper than its peak price, indicating that there’s still room for further appreciation. In Chennai, silver prices have reached ₹2,06,000 per kilogram, while Delhi’s rate has risen to ₹1,98,000 per kilogram, marking a consistent increase across both north and south markets.

With the wedding season in full swing, the demand for silver jewelry, utensils, and decorative items has spiked. Market analysts predict that this demand, coupled with industrial consumption, could push prices even higher in the short term.

Silver Prices on November 12, 2025 – City-Wise Update

The southern states, especially Chennai and Hyderabad, continue to report higher silver prices compared to northern cities. The average difference in rates between these regions stands at around ₹11,000 per kilogram.

Why Silver Prices Are Rising

Silver isn’t just a precious metal used in ornaments — it plays a vital role in industrial manufacturing and technology. Over the past year, its demand has surged due to its growing use in electronics, computer chips, solar panels, and electric vehicles.

Analysts suggest that the combination of industrial demand and festive buying has created a perfect setup for a silver price rally. As the global economy gradually stabilizes, the demand for renewable energy and electronic products is also pushing up silver consumption, particularly in the manufacturing sector.

Outlook: Will Silver Continue to Rise?

Market experts believe that the bullish phase in silver prices may continue in the near term, especially as the festive season peaks and jewelry purchases intensify. Additionally, with gold prices already hovering near record highs, many investors are turning to silver as a more affordable precious metal investment.

However, traders advise buyers to keep an eye on international silver rates and currency fluctuations, as both factors can influence local market prices.

Key Takeaways

• Silver prices have risen for three consecutive days, with a ₹4,900 per kg jump recorded on November 12.

• The metal is trading at ₹1,62,000 per kg in Delhi and ₹1,73,000 per kg in Chennai.

• Demand is being driven by the wedding and festive season, along with industrial usage.

• Experts anticipate further gains if the demand remains steady through the end of the year.

As India celebrates its festive season with grandeur, the shine of silver is once again lighting up markets across the nation. For investors and consumers alike, this could be the perfect time to watch — or even participate in — silver’s renewed sparkle.