There is a continuous decline in geopolitical tension. Just like apart from China and America, trade deal is being discussed between America and India. It seems that the tariff tension may also end soon. On the other hand, the US Central Bank Fed Reserve has indicated to press the pause button on cutting interest rates. These are all the reasons which will work to put brakes on the rising prices of gold and silver not only in India but all over the world.
These reasons have also started doing so. In the futures market of the country, the price of gold has seen a decline of more than 10 percent from the peak. On the other hand, there has been a decline of about 14 percent in the price of silver from the peak. This means that a huge correction has been seen in the prices of gold and silver in less than a month.
If we talk only about silver, there is a catch here also. Silver is still seen around 48 and 50 dollars per ounce in the international market. Experts believe that silver prices may remain in this range till the end of the current year. Also, by mid next year, silver prices may reach the level of 60 to 75 dollars per ons.
Experts are placing a big bet on the prices of silver because the economies of the world including China and India have completely opened up. There is an increase in the production of EV and solar panels. After the trade deal between China and America is finalized, there will be a lot of growth in Chinese industries. In such a situation, it is expected that the industrial demand for silver will increase.
On the other hand, the way silver has given returns to investors till mid-October of 2025. Due to this, the attraction of silver among investors has increased. In such a situation, due to a sharp correction, investors can invest in silver once again. Also, the effect of reduction in supply can also be seen in the prices of silver in the coming days.
This means that in the coming months, silver prices may be seen crossing the level of Rs 2 lakh. Let us try to understand by quoting experts as to when the price of silver can be seen crossing the level of Rs 2 lakh…
Why may we see a rise in silver prices?
- Industrial Demand: There is high demand for silver for industrial use in sectors like electric vehicles (EV), solar panels and electronics.
- Supply shortage: There is a shortage of silver all over the world, which has increased in recent months due to supply disruptions.
- Investment and protection from inflation: Many investors are looking at silver as a safe investment and hedge against inflation. Especially amid global economic uncertainties, there has been a further increase in the demand for silver.
- Rupee weakening: The fall in the value of the Indian Rupee against the US Dollar is contributing to the rise in silver prices in India. The special thing is that no significant increase has been seen in the price of dollar in the international market.
- Market Speed: The surge in prices is also part of a broader rally in precious metals, which have seen strong demand during the festive season. However, this trend may be seen slowing down a bit in the coming days.
Will the price go up to Rs 2 lakh?
Well this is a big question. On the occasion of Diwali, spot prices of silver had crossed the level of Rs 2 lakh in some parts of the country, especially in the cities of South India. But the price of silver in the country’s futures market could not even cross the level of Rs 1.75 lakh. Now the biggest question is whether the price of silver will be able to cross the level of Rs 2 lakh in the coming days? Or according to Anuj Gupta, Director of Wealth Management, from the middle of next year to the end of 2026, silver prices may cross the level of Rs 2 lakh.
He said that in recent times the attraction towards investing in silver has increased a lot. Those who could not invest due to increased prices of silver. Now they will move forward to invest after this correction. Due to which the demand for silver will increase further. At the same time, the effect of increase in industrial demand can also be seen. However, the way China has imposed tax on gold and silver, we may see a reduction in house hold demand and may see a correction in the short term. But this will be a very beneficial deal for those who want to make a new entry in silver.
When did the prices double?
The special thing is that in the current year, by October 17, the price of silver had almost doubled in the futures market of the country. On the last trading day of last year, the price of silver in the country’s futures market Multi Commodity Exchange was Rs 87,233 per kg, which increased to Rs 1,70,415 per kg on October 17, 2025. This means that an increase of Rs 83,182 per kg was seen in the prices of silver. That means investors had got 95.35 percent return from silver in less than a year. Which is considered to be the biggest record till date. In such a situation, it would not be wrong at all to say that further rise in silver prices may be seen in the coming months.
14 percent decline in 3 weeks
The special thing is that in about 3 weeks there has been a decline of 14 percent in the prices of silver. Talking about the data, on October 17, 2025, the price of silver on Multi Commodity Exchange had reached a life time high of Rs 1,70,415 per kg. Since then, a fall of Rs 23,346 per kg has been seen in the prices of silver. On Thursday, the price of silver on MCX fell by Rs 252 to Rs 1,47,069 per kg. However, on October 28, the price of silver had fallen below the level of Rs 1.40 lakh. Since then, an increase of about Rs 7800 has been seen in the price of silver. This means that during this period investors have got a return of 5.57 percent.