Silver Rate Today (8 November 2025): Silver Prices Drop by ₹200 Amid Cooling Global Demand
After witnessing a brief surge yesterday, silver prices have once again declined in the domestic market. On Saturday, November 8, 2025, silver became ₹200 cheaper per kilogram compared to Friday’s rate. The decline is being attributed to lower international prices and a short-term fall in domestic demand following the festive season.
According to the latest market data, silver is trading at ₹1,52,400 per kilogram in Delhi, down from ₹1,52,600 on the previous day. A similar price trend is seen in Mumbai, Ahmedabad, Kolkata, Gurugram, Lucknow, Jaipur, Patna, and Bhubaneswar — all recording silver rates around ₹1,52,400 per kg. In contrast, Chennai and Hyderabad continue to record higher rates, with silver priced at ₹1,64,900 per kg, around ₹12,000 more than northern cities.
Experts note that the dip in silver rates is primarily due to a slowdown in post-festival demand and a minor correction in global silver markets. During the Diwali season, the demand for silver ornaments, coins, and household items had surged significantly, driving prices upward. Now that the festive rush has cooled off, a mild price adjustment is being observed.
However, analysts also believe this decline is temporary. With the wedding season approaching, silver demand is expected to pick up once again, which could push prices back up in the coming weeks.
“Silver’s long-term outlook remains positive,” say commodity market analysts. “Industrial usage and investment demand continue to support strong fundamentals for the metal.”
| City | Price per 1 Kg (₹) |
|---|---|
| Delhi | 1,52,400 |
| Mumbai | 1,52,400 |
| Ahmedabad | 1,52,400 |
| Kolkata | 1,52,400 |
| Gurugram | 1,52,400 |
| Lucknow | 1,52,400 |
| Jaipur | 1,52,400 |
| Patna | 1,52,400 |
| Bhubaneswar | 1,52,400 |
| Chennai | 1,64,900 |
| Hyderabad | 1,64,900 |
| Bengaluru | 1,52,400 |
This table highlights the clear regional variation in silver prices. Southern cities like Chennai and Hyderabad consistently report higher rates due to logistics costs, local taxes, and higher demand for silverware during traditional events.
While jewelry and utensils have traditionally driven silver consumption in India, industrial applications are now a major growth factor. Silver is increasingly used in:
Electronics – for components in smartphones, laptops, and circuit boards.
Solar panels – as a key conductor for photovoltaic cells.
Medical and tech industries – due to its antibacterial and high conductivity properties.
These expanding industrial uses have contributed to steady global demand, helping silver maintain a strong long-term growth trajectory despite short-term fluctuations.
Although silver prices dipped slightly today, experts predict that rates could rise again in the near term, supported by:
Upcoming wedding season, which traditionally boosts jewelry and gift demand.
Global industrial recovery, particularly in electronics and renewable energy.
Market volatility, which may drive investors toward precious metals as safe assets.
In summary, silver’s current softness appears to be a temporary breather rather than a long-term downtrend. Investors and buyers planning to purchase silver—whether for ornaments, gifts, or investment—might find this dip an ideal buying opportunity before prices move upward again.
Bottom Line:
On November 8, 2025, silver prices in India slipped by ₹200 per kilogram, trading at ₹1,52,400 in northern cities and ₹1,64,900 in southern regions. While the short-term fall reflects a post-festival slowdown, the long-term outlook for silver remains strong due to rising industrial demand and the onset of wedding season.
