Silver Price Hits All-Time High: Crosses $100 per Ounce — Impact in India

Silver Price Hits All-Time High: Crosses $100 per Ounce — Impact in India

Introduction

Silver has made history in the global precious metals market. For the first time ever, silver prices have crossed the USD $100 per ounce mark, signaling a powerful rally driven by strong demand, global uncertainty, and rising industrial usage. This milestone has not only caught the attention of global investors but has also had a significant impact on silver prices in India, where silver plays a vital role in jewellery, gifting, and investment.

In this article, we explore the current silver price in dollars and rupees, the key reasons behind this sharp rise, and what it means for Indian jewellery buyers and silver enthusiasts.

Silver Price in the International Market (USD)

In global markets, silver is priced in US dollars per ounce.

  • Current Silver Price:
    Silver has surged past USD $103.8 per ounce, reaching an all-time high.

This historic rally reflects silver’s growing importance not just as a precious metal, but also as a strategic asset in uncertain economic times.

Why Silver Prices Are Rising Globally

Several strong factors are driving silver’s upward momentum:

1. Safe-Haven Demand

With ongoing global economic and geopolitical uncertainty, investors are increasingly moving toward hard assets like gold and silver to protect their wealth. Silver is benefiting from this renewed safe-haven interest.

2. Strong Industrial Demand

Silver is a critical component in industries such as:

  • Solar energy and renewable power

  • Electric vehicles (EVs)

  • Electronics and semiconductors

  • Medical and technological applications

As the global shift toward clean energy and advanced technology accelerates, industrial demand for silver continues to rise.

3. Investor Momentum

Market momentum has played a major role in pushing prices higher. As silver crossed key resistance levels, buying activity intensified, further fueling the rally.

4. Limited Supply

Silver supply growth has remained relatively constrained compared to rising demand, supporting higher prices in the long term.

While fundamentals remain strong, some analysts caution that silver may be overbought in the short term, meaning prices could see volatility. However, long-term demand remains supportive.

Silver Price in India (₹ INR)

India closely follows global silver prices, with domestic rates influenced by international markets and local factors.

  • Current Silver Price in India:
    Approximately ₹3,35,000 – ₹3,60,000 per kg, depending on city, taxes, and local demand.

This sharp rise marks one of the highest price levels ever recorded for silver in India.

Factors Influencing Silver Prices in India

1. Global Price Impact

Since India imports a large portion of its silver, any rise in international prices directly affects domestic rates.

2. Rupee–Dollar Exchange Rate

A weaker rupee increases import costs, pushing Indian silver prices higher even if global prices stabilize.

3. Import Duties and GST

Changes or expectations around import duties and taxes significantly influence silver pricing in the Indian market.

4. Jewellery and Festive Demand

Silver demand rises during festivals, weddings, and auspicious occasions, adding pressure on prices.

5. Investment Demand

With gold becoming increasingly expensive, many buyers are turning to silver coins, bars, and jewellery as a more affordable alternative.

Silver vs Gold: Why Silver Is Gaining Attention

While gold continues to dominate as the top precious metal, silver is gaining popularity due to:

  • Lower entry cost compared to gold

  • Dual role as an investment and industrial metal

  • Strong performance during precious metals rallies

  • Growing popularity in modern and daily-wear jewellery

Many investors who bought silver months ago are now witnessing substantial gains, highlighting silver’s long-term potential.

What Rising Silver Prices Mean for Jewellery Buyers

For jewellery lovers, rising silver prices emphasize the value and importance of quality craftsmanship.

Despite higher rates:

  • Silver jewellery remains more affordable than gold

  • Well-crafted silver jewellery retains lasting value

  • Silver jewellery suits both daily wear and special occasions

  • Silver continues to be a popular gifting option

At Nami Jewels, we focus on timeless designs and quality craftsmanship, ensuring our silver jewellery offers beauty, durability, and value even during volatile price cycles.

Is It the Right Time to Buy Silver Jewellery?

For jewellery buyers, timing the market is less important than choosing authentic, well-crafted pieces. Silver jewellery is meant to be worn, cherished, and enjoyed—not just tracked by price charts.

For investors, experts advise caution against chasing prices at peak levels, while still recognizing silver’s strong long-term fundamentals.

Conclusion

Silver crossing USD $100 per ounce marks a historic moment in the precious metals market. With prices in India reaching ₹3.35 lakh per kg, silver’s importance as both an investment asset and a jewellery metal has never been stronger.

As global demand, industrial usage, and safe-haven interest continue to support silver, staying informed about price trends helps buyers make confident decisions.

Explore elegant, timeless silver jewellery at
👉 www.namijewels.in

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