Silver prices see best yearly gain in a decade

Silver prices in India surged to an all-time high on Monday (September 29) as strong global trends and a weakening rupee bolstered the precious metal. The rally marks 62% gain so far in 2025, making it the best yearly performance for silver in the last ten years.

In the national capital, silver prices jumped ₹7,000 from the previous session’s ₹1.5 lakh per kg, extending gains for the fourth consecutive trading day.

Analysts attribute the rise to robust industrial demand, safe-haven buying, and continued inflows into silver-backed investment products.

Globally, silver also advanced sharply, with spot prices rising over 2% to $47.18 per ounce.

The surge was fueled by expectations of monetary easing in major economies, geopolitical uncertainty, and investor appetite for precious metals as a hedge against inflation.

“Silver is benefiting from its dual role as a safe-haven and an industrial metal,” said a bullion dealer. “Applications in solar panels, electronics, and electric vehicles are supporting long-term demand, while global uncertainty keeps investment interest high.”

The rally in silver comes alongside a strong performance in gold, which touched $3,824.61 per ounce globally and ₹1.19 lakh per 10 grams in India, up nearly 45% in 2025 — its best yearly gain since 1979.

Analysts suggest that the current trend in silver is likely to continue in the near term, with any short-term corrections being seen as buying opportunities given the structural demand from both industry and investors.

-With agencies inputs