Silver Price Today: Rates Jump ₹9,000 in Just Two Days

Silver prices in India have seen a dramatic surge, climbing nearly ₹9,000 in just two days. This sharp rally has pushed the latest rate of silver to around ₹2,23,000 per kilogram, marking one of the steepest short-term increases in recent months. The sudden rise has caught the attention of investors, jewellers, and consumers alike, as silver continues to gain traction both as a safe-haven asset and an industrial commodity.

Market experts attribute this surge to global cues, including expectations of a US Federal Reserve rate cut and ongoing geopolitical tensions. These factors have driven investors toward precious metals, boosting demand for silver. In addition, domestic consumption in India, particularly from the jewellery and industrial sectors, has added further pressure on prices, contributing to the sharp upward movement.

City-wise rates also reflect the trend, with Delhi, Mumbai, Kolkata, and Bengaluru recording silver prices around ₹2,19,100 per kilogram, while Chennai saw slightly higher rates at ₹2,31,100 per kilogram. The uniformity across major cities highlights the nationwide impact of global market conditions, though local demand variations continue to influence minor differences in pricing.

While the rally has sparked optimism among investors, analysts caution that silver remains highly volatile. The sharp rise could be followed by corrections if global monetary policies shift or industrial demand slows down. For now, silver’s surge underscores its dual role as both a financial hedge and a critical industrial resource, making it a focal point for traders and consumers heading into the new year.