Silver Price Crash Today: Massive Drop in Rates on the Last Day of the Month — Check Prices in Delhi and Other Cities
National Desk | October 31 (Friday) – Silver prices saw a sharp decline today. In recent days, both gold and silver have been witnessing a continuous fall. Over the past 15 days, gold prices have dropped by nearly ₹50,000, and silver too has been slipping steadily.
Today, in Delhi, the price of 1 kg of silver is recorded at ₹1,51,000, while in Chennai, it stands at ₹1,65,000 per kg — showing a price difference of about ₹14,000 per kg between the two cities. In other major cities like Mumbai, Kolkata, Ahmedabad, Jaipur, Lucknow, and Gurugram, the rate remains around ₹1,51,000 per kg.
Why Are Silver Prices Falling?
During the festive season, there was heavy demand for jewellery and silverware. Now that the festivals are over, demand has dropped, leading to a cooling off in both gold and silver prices. Moreover, the positive economic talks between the U.S. and China have impacted global markets.
Investors are now shifting their focus to other investment options such as stocks and bonds, resulting in a temporary slowdown in investments in precious metals.
Silver Prices in Major Cities (as of October 31, 2025)
Industrial Demand May Push Prices Up Again
Market experts believe that the current decline is temporary. Silver is no longer limited to jewellery and utensils; it plays a crucial role in mobile phones, computer chips, electronic devices, and solar panels.
Experts note that about 60–70% of silver is now used in industrial sectors. Hence, in the coming months, the demand may rise again, possibly leading to a rebound in prices.
What Should Investors Do?
Although silver prices are currently soft, analysts suggest this could be a good buying opportunity for long-term investors. If industrial and technological demand increases in the coming months, silver prices are likely to climb again.
This means investors who buy now could see strong returns in the future.
