New Delhi, 25 December (H.S.):

The domestic bullion market witnessed a dazzling surge in silver prices on Thursday, as the white metal climbed by nearly ₹11,000 per kilogram, marking one of the sharpest single-day jumps in recent months. Driven by global price strength and renewed investment demand, silver has once again reached record highs, with its price touching close to ₹2.5 lakh per kilogram in Chennai and Hyderabad.

Across India, silver prices traded between ₹2,33,800 and ₹2,45,000 per kilogram, reflecting widespread strength in the bullion segment.In Delhi, silver rose by ₹10,900 to reach ₹2,34,000 per kilogram, while in Mumbai, Ahmedabad, and Kolkata, it traded at ₹2,33,800 per kilogram. Similarly, in Jaipur, Surat, and Pune, prices hovered around ₹2,34,100 per kilogram.

In southern markets, silver remained firm with Bengaluru quoting ₹2,34,300 per kilogram, and Patna and Bhubaneswar seeing prices at ₹2,33,900 per kilogram. The metal saw its highest rate in Chennai at ₹2,45,000 per kilogram, followed closely by Hyderabad, where it stood at ₹2,44,000 per kilogram — signaling exceptional strength in southern India’s bullion trade.

According to market experts, global silver demand continues to outpace supply, creating sustained upward pressure on prices. While industrial and investment demand for silver has surged, physical supply remains constrained, particularly as silver increasingly serves as a safe-haven investment amid economic uncertainties.

Continuous inflows into Silver Exchange-Traded Funds (ETFs) further underscore renewed investor interest. In the international market, silver breached the USD 72 per ounce mark, with the London Silver Market closing on Wednesday at USD 72.70 per ounce.Analysts forecast that if current trends persist, and physical demand remains strong, silver prices could soon reach between USD 80 and USD 82 per ounce globally — a level unseen in recent years.

The recent rally signals a renewed bull phase for the precious metal, placing India’s bullion markets under the global spotlight as both investors and industrial users race to secure the versatile, high-demand commodity.

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Hindusthan Samachar / Jun Sarkar