Silver Prices Reach Record High: Cost of 1kg in India Revealed
The silver market is experiencing a significant surge, with prices reaching highs not seen in decades. As of October 2025, silver has gained over 60% this year alone, climbing from approximately $29.60 per ounce to around $48. This increase marks a potential all-time high resurgence, as silver’s value has risen nearly 50% in the past year.
Current Silver Prices in India
In India, the current price of silver stands at ₹1,45,440 per kilogram. The breakdown of silver pricing is as follows:
- 1 kg of silver: ₹1,45,440
- 10 grams of silver: ₹1,454
- 1 gram of silver: ₹145.44
- 100 grams of silver: ₹14,544
Historical Context of Silver Prices
Throughout its history, silver has seen notable highs. The price reached an all-time peak of $48.70 per ounce in 2011. The record price was earlier surpassed in January 1980, when it hit $49.95, albeit under controversial circumstances.
Global Market Dynamics
The United States, China, and India are the largest markets for silver, with India ranking as the second-largest for physical silver investments. Recent reports indicate that India’s silver imports nearly doubled from August to September 2025, despite soaring prices.
Forecast for Silver Demand in 2025
Looking ahead, demand for silver is expected to outstrip supply for the fifth consecutive year. The market’s turnover is approximately $30 billion, and even slight changes in demand can significantly impact prices. The Silver Institute reports fluctuations in physical investment demand, which ranged from a low of 157.2 million ounces in 2017 to a high of 337.6 million ounces in 2022.
Industrial Demand and Market Influences
Industrial applications contribute considerably to silver’s increasing demand. The rise in solar panel installations, particularly in China, enhances the appeal of silver. Its uses extend to consumer electronics and data centers as well.
Factors Influencing Price Movements
Recent geopolitical tensions, along with a potential US government shutdown, have heightened interest in silver as a safe haven. The US government’s inclusion of silver on its list of critical minerals could further drive demand. Additionally, there is a noted interest from international players, including the Saudi Central Bank and the Russian government, in acquiring physical silver.
According to Jigar Trivedi, Senior Research Analyst at Reliance Securities, the current supply deficits, constrained mine output, and dwindling above-ground inventories are expected to support international silver prices within the range of $44 to $50 per ounce, with potential spikes reaching $55 if macroeconomic conditions worsen.
