In a dramatic move, silver prices in India skyrocketed ₹5,000 on July 17, 2025, reaching an unprecedented ₹1,15,000 per kilogram in the spot market. This marks the highest-ever silver rate in the country’s bullion trade history.

On the Multi Commodity Exchange (MCX), silver futures for August delivery also touched a record high of ₹1,15,136 per kg, rallying ₹2,135 or 1.88%, supported by positive global sentiment, robust safe-haven demand, and industrial consumption outlook.

Why Are Silver Prices Rising?

1. Safe-Haven Buying Amid Global Uncertainty
With lingering fears over geopolitical tensions, inflation, and weak global equities, investors are parking funds in precious metals, particularly silver, which is seen as both an investment and industrial commodity.

2. Strong Global Demand
Silver is witnessing a global price surge due to increased demand from clean energy, electronics, and electric vehicle (EV) sectors. Analysts say silver is benefiting from a dual advantage of monetary and industrial appeal.

3. Weak Rupee Boosting Domestic Silver Rates
The Indian rupee trading flat around ₹85.92 per dollar has made silver imports costlier, further pushing domestic prices up.

Market Expert Views

Rohit Khandelwal, Commodity Analyst at Angel One, said:

“Silver has outperformed gold in recent sessions, thanks to industrial demand optimism and global safe-haven flows. ₹1.20 lakh per kg is not far if this momentum continues.”

Asha Sharma, Senior Trader at Motilal Oswal, added:

“Strong U.S. inflation data and rate cut hopes have also helped silver. Physical demand from Indian jewellers and stockists ahead of the festive season is firming up prices.”

Global Price Movement

In international markets, spot silver rose 1.5% to $43.18 per ounce, its highest since 2012. Analysts point to ETF inflows, industrial buying, and central bank dovishness as core drivers of this rally.

The gold-to-silver ratio also dropped to 77.4, indicating silver is gaining faster than gold, and suggesting further momentum in silver prices in the near term.

Technical Analysis Snapshot

Technical charts suggest that if ₹1,15,500 is breached decisively, ₹1,17,000 could be the next target. Immediate support remains around ₹1,12,500.

Should Investors Buy Now?

Experts caution short-term retail investors against aggressive entry at this peak level. However, long-term investors with a 2–3 year horizon can consider staggered buying, given silver’s strong industrial and green energy-linked demand.

Investment planners also recommend allocating 10–15% of portfolio into precious metals, with silver gaining prominence over gold in recent months due to price potential and energy-transition use cases.

Conclusion

With both investment and industrial appeal surging, silver is set to remain in focus in the coming weeks. A combination of strong international momentum, rupee weakness, and festive season demand could see the bull run in silver sustain, possibly breaching new highs in the near future.

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The Current active IPO are Monika Alcobev.

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