Silver Price Rally Cools Indian Demand; Hits ₹3 Lakh/kg Amid Geopolitical Uncertainty

One kilogram silver bars stacked at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Monday, Oct. 13, 2025. Silver fell after touching an all-time high above $53 an ounce, as a historic short squeeze in London added to momentum fueled by surging demand for safe-haven assets.

Market

C

CNBC TV18•19-01-2026, 16:08

Silver Price Rally Cools Indian Demand; Hits ₹3 Lakh/kg Amid Geopolitical Uncertainty

•Silver prices in India surged by ₹1 lakh per kg in a month, crossing the ₹3 lakh mark, impacting physical demand.
•International silver prices are trading around $93–94 per ounce, contributing to the domestic rally.
•Kishore Roonwal of Anmol Silver anticipates further price increases, potentially reaching ₹3.30 lakh per kg.
•High prices have limited investor participation in India, with physical silver trading at a discount domestically.
•Despite the price surge, India's silver imports remain high, nearing last year's levels, contrasting with declining gold imports.

Why It Matters: Soaring silver prices in India, reaching ₹3 lakh/kg, have dampened physical demand but imports remain high.

Read Full Article on Cnbc in English

✦

More like this

Loading more articles...