Silver prices in India edged higher on Wednesday, October 15, 2025, maintaining their upward momentum as the festive season boosts demand. With Dhanteras just days away, bullion markets remain active as both silver and gold continue to attract steady buying from retail investors and jewellers.
According to market reports, global cues have remained stable, but domestic silver demand has seen a fresh uptick as traders look to capitalise on the recent price rally. The festive season has traditionally been a strong period for precious metals, and this year is no exception.
Bloomberg data indicates that spot silver prices gained after a volatile trading session on Tuesday, during which prices briefly touched a record high of $53.54 per ounce before retreating as signs emerged that the recent market squeeze might be easing.
City-Wise Silver Prices in India (October 15, 2025)
| City | Silver Price (₹/kg) |
| Chennai | 1,60,520.00 |
| Mumbai | 1,60,090.00 |
| New Delhi | 1,59,820.00 |
| Hyderabad | 1,60,350.00 |
| Bangalore | 1,60,220.00 |
| Kolkata | 1,59,880.00 |
Why Silver Prices Are Holding Firm
Festive Season Demand: With Dhanteras and Diwali approaching, retail demand for silver coins, bars, and jewellery has picked up sharply, driving prices higher.
Global Rally: International silver prices recently touched record highs, supported by tight supply conditions and strong investment inflows.
Investment Interest: Silver continues to attract investors as a safe-haven asset and inflation hedge, particularly amid ongoing currency fluctuations and geopolitical uncertainties.
Summary:
Silver prices in India remain close to record highs ahead of Dhanteras 2025, supported by festive buying and strong global cues. Spot silver briefly crossed $53.54 per ounce globally before correcting, while domestic rates stayed firm across major cities, ranging between ₹1,59,800 and ₹1,60,500 per kg. Analysts expect silver demand to stay robust through the Diwali season, driven by retail and investment purchases.
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