Over the past two to two and a half months, the prices of silver and gold have been steadily increasing. Currently, the market price of 24-carat gold is ₹145,000 per 10 grams. Silver prices are also experiencing a dramatic increase.

Silver Price Surge India: Over the past two to two and a half months, the price of silver and gold has been steadily increasing. Currently, the market price of 24-carat gold is ₹145,000 per 10 grams. Meanwhile, the price of silver is also rising exponentially.

On Diwali, October 31, 2025, the price of silver was recorded at ₹1,49,000 per kilogram. Today, on Monday, January 19, the price has reached ₹2,096,000 per kilogram. This means the price has doubled in just two and a half months. Along with the increase in silver prices, its demand has also begun to rise.

Information provided by the bullion trader

Sales of silver coins and silver bricks are booming. Ashok Kumar Verma, president of the Bihar Sarafa Vyapar Sangh and a wholesaler of gold and silver from Patna, told ABP News in an exclusive interview that over ₹100 crore worth of silver has been sold daily in Patna alone for the past week.

The main reason for this is that now there is no hope of silver prices falling, and people are buying silver items as an investment.

Silver prices will continue to rise.

Big business owners are buying silver bricks, which are selling more because a silver brick weighs approximately 500 grams, costing around ₹1.50 lakh. Meanwhile, middle-class individuals are increasingly buying silver coins and silverware. Today, the price of a 10-gram silver coin is ₹3,200, compared to ₹1,500-₹1,600 two and a half months ago. 

Given the current rise in silver prices, there's a possibility that the price could reach ₹500,000 per kg by February. Silver prices are rising daily, sometimes by ₹5000, sometimes by ₹10000. Sometimes, the increase is as much as ₹20000 per kg in a single day. Consequently, people are increasingly purchasing silver for investment purposes.

Ashok Kumar Verma explained that previously, people used to buy gold more for investment. Gold prices have also increased, but for the past 15 days, its price has remained stable. Prices are fluctuating by one to two thousand rupees, but silver prices are experiencing a significant increase. This is why people are starting to buy silver for investment.

He explained that the demand for silver is strong in every sector. Silver is used in the manufacture of solar lights and in many electronic products. Consequently, the demand for silver has increased, and the prices of these items are also likely to rise.

Silver's position globally

Ashok Kumar Verma explained that the US has declared silver and copper as rare metals. China has begun hoarding silver because it is increasingly used in electronics. Now, China has also banned the export of silver.

Additionally, the 10 percent tariff increase imposed by the United States is also a major reason for the rise in silver prices. While silver prices will rise now, economists say it's not advisable to consider it as an investment, as silver prices are likely to fall in the future.