Silver Prices Reach All-Time Peak Driven by Global Gains and Industrial Use

Silver prices in India reached a new all-time high of ₹1.51 lakh per kilogram on 30 September, rising ₹1,000 in a single session. The metal crossed the ₹1.5-lakh mark for the first time, supported by strong global trends and steady industrial demand.

The increase reflects growing confidence among investors and industries, as silver continues to serve both as a valuable commodity and an important industrial material.

Global Trends Support the Rise

In international markets, spot silver was trading at $46.93 per ounce, up 18.2% in September, making it one of the top-performing commodities of the month. Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA), explained that the price increase has been driven by a mix of investment and industrial buying. 

Earlier in the month, silver prices in India were around ₹1.44 lakh per kilogram, showing a significant gain in a short period. As of 02:23 PM IST on September 30, 2025, silver was trading at ₹1,41,765 per kilogram, down ₹1,334 or 0.93% from the previous close of ₹1,43,099.

Industrial and Investment Demand

Silver’s role as both a precious metal and an industrial commodity is a main reason for its growing demand. Industries related to electric vehicles, solar energy, and electronics continue to increase their usage, while investors are adding more silver to their portfolios amid global uncertainty.

This dual demand is helping silver maintain its positive trend and outperform many other assets. Year to date, silver has already shown stronger gains than gold, reflecting positive sentiment across global commodity markets.

Read more: Gold and Silver Prices Trade Higher: Check Rates

Looking Ahead

The increase in silver prices is expected to continue as industrial use and investment demand remain strong. With sectors like renewable energy and electronics expanding rapidly, long-term demand for silver is likely to remain high.

Silver has returned nearly 37% year-to-date on the MCX, performing better than most other asset classes. This shows silver’s growing importance as both an investment and a critical industrial resource.

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