Silver prices surged sharply on Friday, 14 November 2025, coinciding with the day of the Bihar election results. The metal witnessed a strong upward movement across major Indian cities, marking one of the steepest single-day jumps seen in recent months. The rally comes at a time when both domestic demand and international market cues are signalling renewed momentum for precious metals.
Silver Records a Major Single-Day Rise
On Friday, silver prices jumped by ₹10,000 per kilogram, surprising traders and investors who had been expecting a gradual increase rather than a sudden spike. In Delhi, silver rose from ₹1,62,100 per kg the previous day to ₹1,73,100 per kg, while Chennai saw prices touch ₹1,83,100 per kg.
The steep rise follows a phase of consolidation in the silver market, with prices now inching back toward earlier peak levels. Analysts suggest that international price trends, combined with heightened domestic buying, are the key forces behind the latest surge.
Election Day Sees Strong Price Movement Across Major Cities
As the Bihar Assembly election results drew near, silver prices jumped noticeably in cities such as Delhi, Mumbai, Lucknow, Patna, Hyderabad, and Chennai. The rise of ₹10,000 per kg in northern and central markets signals strong investor sentiment.
A month ago, silver prices in Chennai touched ₹2,06,000 per kg, while Delhi saw highs of ₹1,98,000 per kg. After dropping slightly for a few weeks, the metal has once again started moving upward, suggesting a possible return to earlier highs.
Market experts believe the major reasons behind the rise include:
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A strong global uptrend in precious metals
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Increasing industrial consumption
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Higher retail demand ahead of the year-end season
These factors combined have created favourable conditions for a price rebound.
City-Wise Silver Rates on 14 November 2025
Here are the updated silver prices for key cities on Friday:
| City | Price per kg (₹) |
|---|---|
| Delhi | 1,73,100 |
| Mumbai | 1,73,100 |
| Ahmedabad | 1,73,100 |
| Kolkata | 1,73,100 |
| Gurugram | 1,73,100 |
| Lucknow | 1,73,100 |
| Bengaluru | 1,73,100 |
| Jaipur | 1,73,100 |
| Patna | 1,73,100 |
| Bhubaneswar | 1,73,100 |
| Chennai | 1,83,100 |
| Hyderabad | 1,83,100 |
Southern metros, including Chennai and Hyderabad, continue to show higher silver prices compared to the northern and western cities.
Why Silver Demand Is Rising
Silver is witnessing growing demand not only as jewellery but also as a critical metal in modern industries. Its applications are expanding across multiple high-growth sectors, such as:
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Electronics: Used in smartphones, laptops, and semiconductors
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Automobiles: Required for advanced electrical systems
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Renewable energy: A key component in solar panels
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Medical equipment: Utilised for its antimicrobial properties
With its industrial relevance growing rapidly, silver is no longer just a traditional investment asset. Over the past year, this increasing demand has significantly influenced its price movement. Analysts believe that if consumption trends continue at this pace, the metal could see further price appreciation in the coming months.
Outlook for Silver Investors
Market watchers expect silver to remain firm in the near term. The combination of festive buying, election-day economic sentiment, and global price cues has created a favourable environment for continued growth. If international markets maintain their bullish tone, domestic prices may climb further.
For investors, this surge serves as a reminder that silver remains a strong alternative asset with both industrial and investment appeal. The current trend suggests that the metal could continue its upward trajectory as demand remains robust across sectors.
