Silver Price Update: Rates Remain Flat on October 27, Market Sees 5% Dip After Festive Season

The silver market opened steady on Monday, October 27, 2025, with no major change in prices compared to last week’s closing rates. After a strong festive rally earlier this month, silver prices across major Indian cities have now stabilized, showing a flat trend amid reduced demand.

Silver Prices Hold Steady After Festive Spike

At the start of the festive season, silver prices had surged sharply, especially in Chennai, where rates touched ₹2,06,000 per kilogram — one of the highest levels of the year. However, with the festive demand cooling off, prices have now dropped significantly.

As of today, silver is trading at ₹1,70,000 per kilogram in Chennai, while Delhi’s rate stands at ₹1,55,000 per kilogram, down from nearly ₹1,98,000 earlier. The gap between Chennai and Delhi markets remains close to ₹15,000 per kilogram, reflecting regional variations in demand and supply.

Prices Down Over 5% in 10 Days

Over the last ten days, silver prices have recorded a decline of more than 5%, with an average fall of around ₹43,000 per kilogram in just one week. Market experts attribute this correction to a sharp drop in consumer demand following the festive rush.

According to analysts, the recent fall is temporary. They expect silver to regain strength soon, driven by rising industrial demand across the globe. “Once the post-festive lull passes, we could see silver picking up momentum again, especially with ongoing demand from the electronics and renewable energy sectors,” an expert noted.

Industrial Demand Keeps Global Silver Market Strong

While jewellery and household items were once the main drivers of silver consumption, the metal has now found a critical role in industrial manufacturing. Globally, 60–70% of total silver consumption now comes from industries such as:

• Electronics manufacturing (smartphones, laptops, and semiconductors)

• Solar energy production (solar panels and cells)

• Automotive and electric vehicle components

This industrial shift is expected to provide long-term support to silver prices, even as short-term fluctuations continue due to seasonal and consumer factors.

City-Wise Silver Rates in India (October 27, 2025) City Price (₹/kg)

Delhi	1,55,000
Mumbai	1,55,000
Ahmedabad	1,55,000
Chennai	1,70,000
Kolkata	1,55,000
Gurugram	1,55,000
Lucknow	1,55,000
Bengaluru	1,57,000
Jaipur	1,55,000
Patna	1,55,000
Bhubaneswar	1,55,000
Hyderabad	1,70,000

What’s Next for Silver Prices?

Despite the recent fall, analysts believe that silver’s long-term outlook remains bullish. Growing adoption of green technologies like solar panels and electric vehicles is expected to boost global silver demand in the coming quarters.

Additionally, with inflationary pressures and global economic uncertainty, investors may continue to see silver as a safe-haven asset, potentially driving prices upward again by the end of the year.

Key Takeaway

The flat silver prices on October 27 reflect a temporary cooling phase after the festive surge. While the near-term outlook remains steady, industrial demand and global economic trends could push silver prices higher in the months ahead.

For now, buyers can consider this a good entry opportunity before prices begin to rise again, especially if industrial and investment demand strengthens through late 2025.