Silver Prices Surge on November 11: Strong Demand Pushes Rates Higher Across Major Cities

Silver Rate Today: Prices Jump Sharply as Festive Demand and Industrial Use Drive Market Momentum

Silver prices witnessed a sharp upward movement on Tuesday, November 11, 2025, across major Indian cities, including Delhi, Mumbai, Chennai, and Hyderabad. According to market data, silver surged by ₹4,700 per kilogram, marking one of the biggest single-day jumps in recent weeks. After remaining flat on Monday, the metal regained its shine amid renewed domestic and industrial demand.

In Delhi, silver is currently trading at ₹1,57,100 per kilogram, while in Chennai, the rate has touched ₹1,69,100 per kilogram. The strong price rally comes as traders anticipate increased buying activity during the ongoing wedding and festive season, coupled with a rise in industrial usage of the metal.

Domestic Market Sees Broad-Based Price Increase

The domestic bullion market showed a clear upward trend on Tuesday. Cities such as Uttar Pradesh, Bihar, Delhi, Mumbai, Chennai, and Hyderabad recorded a consistent ₹4,700 jump per kilogram in silver rates.

Even with the latest increase, silver prices are still trading ₹50,000 below their previous all-time highs, when rates had touched ₹2,06,000 per kilogram in Chennai and ₹1,98,000 in Delhi.

Market analysts believe that the onset of the wedding season and rising global silver demand will likely support further price gains in the short term.

Silver Prices in Major Indian Cities (as of November 11, 2025) City 1 Kg Silver Price (₹)

Delhi	1,57,100
Mumbai	1,57,100
Ahmedabad	1,57,100
Chennai	1,69,100
Kolkata	1,57,100
Gurugram	1,57,100
Lucknow	1,57,100
Bengaluru	1,57,100
Jaipur	1,57,100
Patna	1,57,100
Bhubaneswar	1,57,100
Hyderabad	1,69,100

Notably, southern states such as Tamil Nadu and Telangana have seen higher silver prices compared to northern regions. Experts attribute this difference to local taxes, transport costs, and regional demand variations.

Why Silver Prices Are Rising Now

The recent price surge is driven by a mix of seasonal demand, industrial usage, and global market cues. Let’s understand the key factors:

Wedding and Festive Season Demand:
With the marriage season beginning, there is a spike in the purchase of silver jewelry, coins, and gift items. This seasonal demand traditionally pushes prices higher across India.

Industrial Applications:
Silver’s role has expanded beyond ornaments and utensils. It is now an essential component in mobile phones, computer chips, electric vehicles, and solar panels. The growing demand from the electronics and renewable energy sectors has led to sustained upward pressure on prices.

Global Commodity Trends:
Internationally, silver is following the broader trend in precious metals. A weaker US dollar and expectations of a potential rate cut by global central banks have made silver an attractive investment hedge, boosting investor interest.

Expert Outlook

Commodity experts suggest that silver could continue to trade firm in the coming weeks. While short-term volatility is expected, medium-term projections remain positive due to strong fundamentals.

Analysts at several bullion associations predict that if industrial demand remains steady and festive buying continues, silver prices could retest the ₹1,70,000–₹1,75,000 range before the end of the month.

However, traders also caution investors to keep an eye on international silver prices, as global fluctuations can impact domestic rates significantly.

Bottom Line

The recent jump in silver prices highlights renewed optimism in the precious metals market. Whether for investment, jewelry, or industrial use, silver continues to be in high demand.

With prices gaining momentum and the festive season in full swing, experts recommend that buyers plan their purchases early, as the uptrend in silver prices may continue throughout November.