“This article expresses my personal analysis based on publicly available financial data and market reports.”

Silver price today in India (18 October 2025): What you need to know

The moment I checked, I felt a jolt: silver rates across India are still riding a wave. On 18 October 2025, silver is trading at ₹185 per gram (₹1,85,000 per kg) according to GoodReturns.
That’s a sharp dip from earlier peaks, but the metal remains blisteringly high.

Let me break it down for you – city by city – and share what I think lies ahead.

City-wise silver rates across India

Here are some snapshots of current silver prices:

• Delhi: ₹1,320 per 10 g
• Lucknow: ₹1,340 per 10 g
• Other metros: Rates in cities like Mumbai, Bengaluru, Chennai hover close to national norms (₹1,85,000 per kg)

Because of local supply, purity, and transport costs, city prices slightly diverge – but overall, the trend is that silver is sky-high everywhere.

Why is silver behaving like this?

I believe there are three key drivers fueling this frenzy:

1. Supply crunch meets festive demand
   India is facing a serious silver shortage just ahead of Diwali and Dhanteras. Jewellers and regular buyers are competing hard.
2. Premium over international rates
   Domestic silver is being quoted at a steep premium vs global benchmarks. Some Indian silver ETFs have paused new subscriptions because backing physical silver at these premiums is expensive.
3. Industrial & investment demand both rising
   Silver’s role in electronics, solar panels, etc., is increasing. On the investor side, many see silver as a hedge amid global uncertainty. So the demand side pressure is broad.

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In fact, on the MCX (commodity exchange), silver futures recently hit record highs – for example, December futures at ₹1,70,415 per kg.

Real-world angle: What buyers are feeling now

Let me share a small real story: A friend from Hyderabad told me she was planning to buy a silver coin for Diwali. When she visited two shops, the premiums quoted (above listed silver rate) varied wildly – one shop added ₹2,000 extra per kg simply for “fresh stock.” That discrepancy made her pause.

Another example: According to the Reuters published article UTI Asset Management recently suspended new lump-sum investments into its Silver ETF because acquiring physical silver at these high premiums was too costly. That move signaled to many that the market is stretched.

So yes – it’s not just abstract numbers: everyday buyers, small investors, and even big funds are feeling the pinch.

Is this the peak or will silver go higher? (my take)

I feel cautious optimism. On one side, silver’s fundamentals (shortage, demand) suggest more upside. On the other, a big correction is overdue.

If global supply eases or rupee strengthens, prices might retreat. Also, after festivals, demand could cool.

But I won’t be surprised if silver manages another leg up by end of 2025 – especially if industrial demand for solar panels and electronics keeps growing.

For regular buyers: I think waiting for dips is safer. Buy small amounts rather than betting big now.

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Tips before you buy silver

• Always check purity – 999/1000 silver is standard; if a shop offers low purity, walk away.
• Watch premiums – A high “rate” might hide a steep extra charge. Ask for breakups.
• Compare multiple shops – Especially in your city.
• Don’t time everything If you’ve been wanting silver, maybe buy in tranches rather than one shot.
• Know resale clauses – Some shops or platforms guarantee buy-back but at a discount.

Conclusion

When I see these silver charts, I feel both excitement and caution. It’s thrilling to watch a metal so alive, but risky to jump in blind. If I were you, I’d dip my toes – maybe pick up a little now, but hold off large bets until after Diwali when things calm.

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Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not US News Weeks. We advise investors to check with certified experts before making any investment decisions.

Source : Goodreturns & Retuers - Silver Price Today in India