Bhubaneswar, Oct 15, 2025 – If you’ve been planning to buy silver, be prepared for a shock. For the first time ever, the price of silver has crossed ₹2 lakh per kilogram in Bhubaneswar. In just two days, silver has become ₹16,000 more expensive — a jump no one expected so quickly.
While gold prices have been climbing steadily, silver has suddenly overtaken it in terms of attention and market buzz.
What’s Happening with Silver?
Silver prices rose by ₹9,000 on Tuesday alone, reaching ₹2,06,000 per kg. The day before, it went up by ₹7,000 — meaning silver has become ₹16,000 costlier in just 48 hours. In total, silver has gone up by ₹41,000 since Oct 6.
This steep rise has taken even traders by surprise. People never imagined silver would reach this level.
Gold Also Sees a Price Hike
Gold isn’t far behind:
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22-carat gold now costs ₹1,17,650 per 10 grams — up by ₹2,700.
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24-carat gold rose by ₹2,950 to ₹1,28,350 per 10 grams.
In the last 9 days, gold has gone up by nearly ₹9,000.
Why Are Prices Going Up?
Several reasons are driving the price increase:
- Global Uncertainty – People are investing in safe assets like gold and silver due to economic uncertainty.
- Higher International Prices – Silver prices worldwide have jumped, which directly affects Indian rates.
- Weak Rupee – A weaker Indian currency means importing silver and gold is more expensive.
- Low Supply of Silver – There’s not enough silver in the market right now, while demand from industries and investors is still strong.
- Strong Demand – Silver is not only used for jewellery and utensils but also in industries like electronics and solar panels.
Will This Affect Jewellery Shopping?
Surprisingly, experts say that the festive season won’t be hit too hard. Jewellery shop owners had stocked up earlier at lower prices. Many are now offering discounts and festive offers to attract buyers using their old inventory.
If you’re shopping for Dhanteras or Diwali, you may still find good deals despite the price hike.
Looking Ahead
It’s unclear if prices will drop anytime soon. With global demand strong and supply tight, prices could remain high for a while. If you’re thinking of buying silver or gold, it’s a good idea to track the market closely and buy wisely.
