Silver Prices Skyrocket: Jaipur Bullion Market in Chaos, Wedding Shopping Stalled
Jaipur
N
News18•28-01-2026, 09:57
Silver Prices Skyrocket: Jaipur Bullion Market in Chaos, Wedding Shopping Stalled
- •Silver prices in Jaipur surged by 12,500 rupees in a single day, reaching an historic 3.54 lakh rupees per kilogram.
- •The 'mega-surge' is attributed to reduced imports from China, increased industrial demand in technology and EV manufacturing, and international market turmoil.
- •Middle-class families, who saw silver as an alternative to gold, are now finding it unaffordable, leading to stalled wedding season purchases.
- •Jewelers report customers are hesitant to buy due to high prices, impacting the usual crores worth of business during wedding season.
- •Experts warn silver could hit 5 lakh rupees per kilogram if international conditions and trade policies do not improve.
Why It Matters: Silver prices have surged dramatically in Jaipur, halting wedding purchases and raising concerns about future highs.
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