Silver Price Surge: Brace for Higher Rates by Diwali – Here's What Experts Predict

As gold prices continue to soar, silver is fast emerging as the alternative investment of choice—and it's starting to pinch the pockets of buyers. In recent weeks, silver prices have been climbing steadily, and experts believe this trend is likely to continue in the coming months. With Diwali around the corner, the festive season may bring even higher silver rates, potentially crossing ₹1.25 lakh per kg.

💹 Silver Becomes the New Gold

Thanks to increased demand and the ongoing rally in gold prices, silver has outperformed gold in terms of returns. Currently, silver prices in India have reached all-time highs, with strong momentum indicating further growth.

According to Kishore Runwal, CEO of Anmol Silver, silver could hit ₹1.4 lakh/kg in the next few months—provided gold prices don’t correct significantly. He attributes this to the Gold-Silver Ratio, which suggests more headroom for silver prices to grow.

Similarly, Sanjeev Garg of Gandhi’s S K Jewellers predicts:

• ₹1.20 lakh/kg within a month

• ₹1.25 lakh/kg by Diwali

Kaynatt Chainwala of Kotak Securities echoes these views, also forecasting silver prices reaching ₹1.25 lakh/kg in the upcoming months.

📈 What's Driving Silver Demand?

Several factors are behind the silver surge:

• Industrial demand is on the rise, particularly in sectors like electronics and renewable energy (especially solar panels).

• Limited global supply and lower-than-expected mining output

• High gold prices, which have pushed many consumers toward silver jewelry and gift items as a more affordable option.

These dynamics make silver a viable investment, even as gold continues to dominate traditional sentiment.

⚠️ Challenge from 9-Carat Gold Jewelry?

While silver is gaining popularity, one potential challenge could come from 9-carat gold jewelry, which recently received regulatory approval. This lower-cost gold option could draw price-sensitive consumers away from silver jewelry.

Kishore Runwal cautions that if public sentiment strongly favors gold—even in lower purity—silver jewelry demand could be impacted in the medium term.

📝 Final Word from Experts

Though silver is seeing strong growth, investment decisions should always consider:

• Your risk appetite

• Current market volatility

• Long-term financial goals

📢 Disclaimer: The views and forecasts mentioned are those of individual experts and brokerage firms. Indiaemploymetnews does not endorse these opinions. Always consult a certified financial advisor before making any investment decisions.

💡 Summary at a Glance: Factor Projection

Current Silver Trend	Bullish
1-Month Price Target	₹1.20 lakh/kg
Diwali Price Forecast	₹1.25 lakh – ₹1.40 lakh/kg
Driving Forces	Gold rally, industrial demand, supply gap
Key Risk Factor	Rise in 9-carat gold jewelry usage

If you're considering silver as part of your investment or festive shopping plan, you might want to act sooner than later—because silver is shining brighter than ever.