Silver Prices Show Fresh Surge on November 4: Steady Recovery After Two Weeks of Decline

After a two-week-long slump, silver prices across major Indian cities saw a renewed rise on Tuesday, November 4, 2025, signaling a fresh upward trend in the precious metals market. According to market data, silver prices increased by ₹100 per kilogram, marking the second consecutive day of gains after a sharp decline that had pushed rates down to nearly ₹50,000 per kilogram earlier this month.

Silver Prices Rebound After Continuous Drop

For the past 15 days, silver had been witnessing a steady fall due to reduced retail demand and global price pressure. However, the current rebound hints at a possible stabilization as the festive rush subsides and investors begin preparing for the upcoming wedding season, traditionally a strong demand period for precious metals in India.

In the national capital, Delhi, silver is trading at ₹1,54,100 per kilogram, while in Chennai and Hyderabad, the price stands higher at ₹1,68,100 per kilogram. This difference of nearly ₹14,000 per kilogram reflects the regional variations in demand, logistics, and local taxes influencing retail bullion prices.

Price Comparison Across Major Indian Cities (as of November 4, 2025) City Price (₹/kg)

Delhi	1,54,100
Mumbai	1,54,100
Ahmedabad	1,54,100
Chennai	1,68,100
Kolkata	1,54,100
Gurugram	1,54,100
Lucknow	1,54,100
Bengaluru	1,54,100
Jaipur	1,54,100
Patna	1,54,100
Bhubaneswar	1,54,100
Hyderabad	1,68,100

Despite the marginal increase, silver prices remain significantly lower than what they were during the festive peak just a few weeks ago. For instance, in Chennai, silver had reached as high as ₹2,06,000 per kilogram, but later dropped close to ₹1,68,000 amid cooling demand post-Diwali.

Reasons Behind the Current Silver Trend

The recent bounce in silver prices can be attributed to multiple factors:

Industrial Demand Revival: Silver’s use has expanded far beyond jewelry and tableware. Today, it’s a critical component in electronics, solar panels, computer chips, and mobile devices, driving steady global demand.

Global Economic Conditions: Fluctuations in the U.S. dollar index, coupled with geopolitical uncertainties, have influenced precious metal trends globally. Investors often turn to silver and gold as safe-haven assets in uncertain economic conditions.

Upcoming Wedding Season: In India, silver holds deep cultural significance, particularly during weddings and festivals. With the wedding season approaching, experts expect a rise in both retail purchases and bullion trading.

Silver’s Growing Role in Industry

The transformation of silver from a traditional ornamental metal to a key industrial resource is shaping its global price trajectory. Experts estimate that nearly 60–70% of global silver demand now comes from industrial sectors — a dramatic shift from its earlier dominance in jewelry and investment forms.

This increased industrial reliance means that silver prices may remain volatile but upward-trending in the near future, especially with global clean energy initiatives ramping up demand for solar-grade silver.

Market Outlook

Analysts believe that if industrial consumption continues to rise and retail demand strengthens during the wedding season, silver could soon test higher price levels again. Additionally, global investors are closely monitoring inflation trends and central bank policies, which could further support precious metal prices.

While gold continues to dominate traditional investments, silver’s affordability and expanding industrial applications make it an increasingly attractive option for both small investors and industry players.

In Summary:
After a brief lull, silver prices in India have started gaining momentum again. With rates climbing ₹100 per kilogram on November 4 and expectations of continued demand in the upcoming months, the white metal appears set for a stronger comeback. As festive and wedding purchases combine with robust industrial demand, silver may soon reclaim its shine in both domestic and international markets.