Silver Prices Remain Stable Across Major Cities on November 10 — Experts Expect Fresh Demand Ahead

Silver Rate Today, November 10, 2025: The domestic silver market opened flat on Monday, with prices showing little to no movement across major cities including Delhi, Mumbai, Lucknow, Patna, and Chennai. Despite minor fluctuations in the international market, the domestic trend remained steady, reflecting subdued demand after the festive season.

According to data from local bullion traders, the price of one kilogram of silver in Delhi stood at ₹1,52,400, while in Chennai and Hyderabad, it was trading higher at ₹1,64,900 per kilogram. The prices in cities like Mumbai, Jaipur, Patna, and Gurugram also hovered around the ₹1,52,400 mark.

Domestic Silver Prices Remain Flat

In recent days, silver prices have shown stability after witnessing strong movements in the weeks leading up to Diwali. Experts believe the post-festive slowdown in retail purchases has led to a minor dip in trading activity.

Although the international market saw a slight decline in silver prices, its impact on the domestic market has been moderate. Traders indicate that prices have already corrected significantly from their peak levels, dropping by nearly ₹50,000 per kilogram in the last few months.

However, analysts predict a potential rebound in demand as the wedding season begins. With Indian households traditionally favoring silver ornaments and utensils during marriage ceremonies, the upcoming weeks could witness renewed buying momentum.

Silver Prices in Major Cities (as of November 10, 2025) City 1 Kg Silver Price (₹)

Delhi	1,52,400
Mumbai	1,52,400
Ahmedabad	1,52,400
Chennai	1,64,900
Kolkata	1,52,400
Gurugram	1,52,400
Lucknow	1,52,400
Bengaluru	1,52,400
Jaipur	1,52,400
Patna	1,52,400
Bhubaneswar	1,52,400
Hyderabad	1,64,900

Interestingly, southern cities like Chennai and Hyderabad continue to quote higher prices than northern regions such as Delhi, Bihar, and Uttar Pradesh. This variance, experts say, can be attributed to transportation costs, local taxes, and regional demand differences.

Why Silver Prices Are Holding Steady

According to market observers, silver prices are in a consolidation phase after an extended rally over the past year. The precious metal had surged significantly, driven by rising industrial use and global investment demand.

Post-Diwali, however, consumer buying slowed, creating a balance between supply and demand. “We’re seeing a stable phase right now. Retail investors have already made festive purchases, and traders are waiting for wedding season demand to pick up,” said a bullion analyst based in Mumbai.

The international silver market, meanwhile, is witnessing mild corrections amid a stronger U.S. dollar and profit-booking by institutional investors. Yet, analysts note that silver’s long-term outlook remains positive, thanks to its increasing role in clean energy and technology manufacturing.

Industrial Demand Fuels Long-Term Growth

Beyond jewelry and traditional uses, silver’s industrial demand has seen a remarkable rise. It’s now an essential component in mobile phones, computer chips, electric vehicles, and solar panels. The metal’s superior conductivity makes it indispensable in the renewable energy sector, particularly in solar energy production — a key driver behind its price growth in recent years.

Experts believe that as global industries accelerate their transition toward green technology, silver demand will continue to expand, providing strong price support in the long term.

Market Outlook

In the short term, silver prices in India are expected to remain range-bound, with traders watching both the U.S. Federal Reserve’s policy stance and fluctuations in global precious metal markets. Domestically, the focus will remain on wedding-related demand and potential government policy decisions that could influence import duties.

For investors, this stability offers an opportunity to accumulate silver gradually before the next upward trend begins. As industrial usage grows and festive demand revives, silver could once again emerge as one of the most promising assets in the precious metals space.