Silver prices in India have surged dramatically in October 2025, hitting record highs and drawing attention from both investors and industry. Prices have climbed over 22% in just two weeks, driven by strong festive demand, global supply shortages, and rising industrial use.
Latest Silver Price Update
On October 13, 2025, silver reached ₹185 per gram and ₹1,85,000 per kilogram in India. In major cities, rates were similar, with 10 grams priced around ₹1,850 and 100 grams at ₹18,500. This marks a daily increase of ₹5/gm and ₹5,000/kg compared to the previous session.
Hyderabad followed the national trend—silver rose over 18% in October, with prices moving from ₹1,61,000 per kg on October 1 to ₹1,90,000 by October 12.
Internationally, silver nearly touched $51.5/ounce, a level not seen since 2011.
October Price Trend and Causes
Silver prices began October at ₹1,51,000 per kilogram and have soared by over 22% to ₹1,85,000 by mid-month.
The price rally is mainly due to:
Strong festival season buying for Dhanteras and Diwali by Indian households.
A sharp fall in the rupee against the US dollar, increasing import costs.
Global supply constraints: mine output disruptions, high transport costs, and physical shortages in key trading centers like London.
Explosive industrial demand, especially from the solar, electronics, electric vehicle, and renewable energy sectors.
Silver’s role as a safe-haven investment amid economic uncertainty and global volatility.
Silver Price Movement in October (Select Dates)
| Date | 1 kg Price (INR) | % Change |
|---|---|---|
| Oct 1, 2025 | 1,51,000 | — |
| Oct 11, 2025 | 1,77,000 | +17% |
| Oct 13, 2025 | 1,85,000 | +22.5% |
Investment and Future Outlook
Analysts remain bullish on silver for both 2025 and beyond due to ongoing structural deficit (demand outpacing supply for five consecutive years) and robust industrial use.
Major financial institutions predict silver could rise to $40–$50 per ounce by late 2025 or early 2026.
However, owing to high volatility, experts advise keeping silver and gold as 10–12% of an investment portfolio, balancing with equities.
Key Takeaways
Silver prices in India have registered historic spikes in October 2025, fueled by festival demand, rupee depreciation, global supply-demand mismatch, and strong industrial consumption.
The outlook remains strong, though investors should be aware of the metal's volatility and avoid overexposure despite bullish sentiment.