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In global markets, silver climbed to a fresh 14-year high, supported by expectations of aggressive interest rate cuts from the US Federal Reserve, a softer US dollar, and declining Treasury yields.
By Anshul September 9, 2025, 11:32:12 AM IST (Published)
Silver prices in India surged sharply on Tuesday (September 9) amid strong global and domestic demand. Rates for 1 kg of silver stood at ₹1.30 lakh, up ₹3,000 from the previous session.
Prices of 100 grams also rose by ₹300 to ₹13,000.
In global markets, silver climbed to a fresh 14-year high, supported by expectations of aggressive interest rate cuts from the US Federal Reserve, a softer US dollar, and declining Treasury yields.
“Silver is considered not just a precious metal but also an industrial commodity of prime importance. Persistent supply deficits, diminishing inventories, and rising use in solar power, electric vehicles, and electronics are strengthening demand,” said Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures.
She added that analysts are setting near-term targets in the range of ₹1.35 lakh–₹1.50 lakh per kg.
Rahul Kalantri, VP Commodities at Mehta Equities, noted, “On the technical front, silver has support at ₹1.24 lakh–₹1.23 lakh per kg and resistance at ₹1.26 lakh–₹1.27 lakh per kg.”
Interestingly, silver has outperformed gold in recent years, both over the past 12 months and on a three-year basis, according to a Value Research analysis (September 8, 2025).
Despite this performance, gold continues to attract higher inflows from Indian investors, with analysts cautioning that historical trends suggest silver’s sharp rallies often come with heightened volatility.
