Highlights
Silver surged over ₹15,000 this week to close at ₹1.64 lakh/kg, marking an all-time high amid strong investor demand and festive momentum.
Despite a slight dip midweek, gold gained ₹2,276 per 10g overall, reflecting continued bullish sentiment in the bullion market.
Global silver ETF inflows reached 95 million ounces in H1 2025, pushing total holdings to 1.13 billion ounces worth over $40 billion.
New Delhi, Oct 11: The Indian bullion market remained bullish this week, continuing the past week's momentum. The silver price witnessed a strong rally, soaring over ₹15,000 per kilogram to end at an all-time high of ₹1.64 lakh per kg. Gold also saw a moderate uptick, rising more than ₹2,000 per 10 grams during the period.
According to the Indian Bullion And Jewellers Association (IBJA), silver price surged by ₹4,950 on Friday to end at ₹1,64,500 per kg, from the previous day's price of ₹1,59,550 per kg. In contrast, the 24-carat gold rate fell ₹1,104 to ₹1,21,525 per 10 grams from its all-time high of ₹1,22,629 on Thursday.
Meanwhile, both the precious metals have witnessed a decent momentum this week, with the silver price surging by ₹15,667 from ₹1,48,833 per kg on Monday, while the 24-carat gold price increased by ₹2,276 from ₹1,19,249 per 10 grams on the opening day of the week.
The metal prices remained firm in the domestic futures market as well. The MCX Gold, December 5 expiry, closed at 1,21,492 per 10 grams on Friday, up ₹999 or 0.83 per cent as compared to the previous day's closing of ₹1,20,493. Similarly, silver contract expiring on December 5 ended at ₹1,46,698 per kg, up ₹374 or 0.26 per cent against last session's closing of ₹1,46,324.
Amid the modest mining, tight geopolitical conditions and surging festive demand, India’s silver exchange‑traded funds (ETFs) are trading at steep premiums over international benchmarks.
Investment inflows into silver products hit record levels globally in H1‑2025, adding about 95 million ounces – exceeding the total inflows of the entire previous year, a report from Axis Mutual Fund said.
Further, it pushed total ETF holdings to roughly 1.13 billion ounces (worth over $40 billion) by mid-2025, according to a note by Axis Mutual Fund.
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