Silver Crash Today: Heavy Drop in Silver Prices on Guru Nanak Jayanti — Check Latest Rates in Delhi and Other Cities
National Desk: On the auspicious occasion of Guru Nanak Jayanti, silver prices have witnessed a sharp fall today. During the festive season, there was a surge in the buying of gold and silver, but a slight dip in demand has now led to a significant decline in silver prices.
How Much Has Silver Become Cheaper Today?
On Wednesday, November 5, silver prices dropped by ₹3,200 per kilogram. While prices showed a slight uptick yesterday, silver has once again become cheaper today. In Delhi, 1 kg of silver is currently trading at ₹1,50,900, while in Chennai, the rate stands at ₹1,64,900 per kg.
City-wise Silver Rates (as of November 5, 2025):
- Delhi – ₹1,50,900 (1Kg)
- Mumbai – ₹1,50,900 (1Kg)
- Ahmedabad – ₹1,50,900 (1Kg)
- Kolkata – ₹1,50,900 (1Kg)
- Lucknow – ₹1,50,900 (1Kg)
- Jaipur – ₹1,50,900 (1Kg)
- Patna – ₹1,50,900 (1Kg)
- Gurugram – ₹1,50,900 (1Kg)
- Bhubaneswar – ₹1,50,900 (1Kg)
- Bengaluru – ₹1,50,900 (1Kg)
- Chennai – ₹1,64,900 (1Kg)
- Hyderabad – ₹1,64,900 (1Kg)
Silver prices in Chennai and Hyderabad are nearly ₹14,000 higher compared to other major cities. Recently, the price of silver in Chennai had reached around ₹2,06,000 per kg, but it has now fallen considerably.
Why Have Silver Prices Fallen?
Following the festive rush, when gold and silver purchases were at their peak, the market is now witnessing a slight slowdown in demand. Experts believe that this decline is temporary, and prices could rise again in the coming months.
Rising Industrial Demand for Silver
Silver’s demand is no longer limited to jewelry and utensils. It is increasingly being used in mobile phones, computer chips, electronic devices, and solar panels. Due to its growing industrial applications, the global outlook for silver remains strong in the long term.
