Silver has breached a major milestone in India’s bullion markets.
On December 17, 2025, the silver price crosses Rs 2 lakh per kg for the first time, touching an intra-day high before easing slightly on profit booking.
Traders in Mumbai’s Zaveri Bazaar and other key centres report that, according to the India Bullion and Jewellers Association (IBJA), one kilogram of silver opened at Rs 2,00,750 in the morning session. This marked the historic crossing of the Rs 2 lakh barrier. However, some selling emerged later, and the price closed at around Rs 1,99,641 per kg, still reflecting a sharp daily gain of over Rs 7,600 from the previous level of Rs 1,91,977.
This surge comes amid ongoing global strength in precious metals, with silver hitting new records internationally as well.
Silver Price Crosses Rs 2 Lakh Per Kg: A Rapid Rise
The journey to this level has been remarkably quick. Silver first touched Rs 1 lakh per kg back on March 18, 2025—meaning it doubled in just about nine months. In contrast, it took a full 14 years for silver to climb from Rs 50,000 to Rs 1 lakh per kg in earlier cycles.
With today’s movement, silver is trading at all-time highs, underscoring its shift from a traditional jewellery metal to a critical industrial commodity.
Key Reasons Behind the Surge in Silver Prices
Several factors are driving this sharp upward trend in silver rates.
Strong industrial demand stands out as a primary driver. Silver’s use in solar panels, electronics, electric vehicles (EVs), and even AI-related infrastructure has grown massively. These sectors rely on silver’s excellent conductivity, making it an essential raw material beyond just ornaments.
Global trade uncertainties, including fears around US tariffs, have prompted companies—especially in America—to stockpile silver. This hoarding has tightened supply and pushed prices higher worldwide.
Manufacturers across industries are buying ahead to avoid potential disruptions, adding to the buying pressure. Many expect this momentum to continue in the coming months.
Investment interest has also picked up, with more flows into silver ETFs and physical holdings as investors seek alternatives amid economic uncertainties.
Gold Prices Also Climb Higher
Gold wasn’t left behind today. The price of 24-carat pure gold rose by Rs 540 to reach Rs 1,32,317 per 10 grams. This follows a previous close of Rs 1,31,777 on December 16. Notably, gold had hit its own all-time high of Rs 1,33,442 per 10 grams just two days earlier on December 15.
Remarkable Gains in 2025 So Far
Both metals have delivered extraordinary returns this year. From December 31, 2024, when 24-carat gold was at Rs 76,162 per 10 grams, it has now gained over Rs 56,155.
Silver’s performance has been even stronger, rising by more than Rs 1,13,624 per kg—from Rs 86,017 at the end of last year to current levels above Rs 2 lakh.
Track the latest updates on gold and silver rates, as bullion markets remain sensitive to international cues, industrial trends, and currency movements.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Precious metals prices are volatile, and readers should consult professionals for investment decisions. Data and details are based on market sources as of December 17, 2025.