Silver Prices Fall in Major Indian Cities on October 28, 2025
Silver prices in India declined on October 28, 2025, with the national rate dropping to ₹151 per gram and ₹1,51,000 per kilogram, reflecting a ₹4,000 decrease per kg from the previous session. The dip was attributed to a stronger U.S. dollar and subdued industrial demand, echoing global precious metals trends. City-wise, rates varied, with southern markets like Hyderabad trading higher at ₹165 per gram. Retail and festive demand provided some support against sharper falls.
On October 28, 2025, silver prices in India experienced a downward correction, settling at ₹151 per gram and ₹1,51,000 per kilogram, marking a decline of ₹4,000 per kg compared to the previous session[1]. This softening trend was observed across major cities including Mumbai, Delhi, Ahmedabad, Chennai, and Kolkata, where prices generally hovered around ₹1,510 per 10 grams[1]. Southern markets such as Hyderabad and Kerala saw slightly higher rates, with silver priced at ₹165 per gram or ₹1,65,000 per kilogram[1][4]. The price drop was driven by a combination of a firming U.S. dollar and muted industrial demand, which exerted downward pressure on global precious metal markets[1]. Despite the correction, sustained festive and retail buying, along with consistent industrial demand, helped cushion the impact of the decline. Market analysts note that while short-term volatility is influenced by global cues and currency movements, underlying demand in India remains supportive. The article emphasizes that commodity investments carry market risks and recommends consulting a financial advisor before making investment decisions.
