Silver Rate in India Hits Rs 1.90 Lakh/kg, Jumps Rs 10,000 in 3 Days; Motilal Oswal Calls It 'Structural Bull'

Silver is shining brighter than ever in the Indian market! On October 15, 2025, the silver rate in India has surged to Rs 1,900 for 10 grams, Rs 19,000 for 100 grams and a whopping Rs 1,90,000 per kilogram. That is another Rs 1,000 spike just overnight, showing no signs of slowing down.

Jump of Rs 10,000 in 72 Hours! Check Silver Rate in India Today

In the last three days, silver has gained serious momentum. On October 14, it was priced at Rs 1,89,000 per kg, already Rs 4,000 up from October 13, when it stood at Rs 1,85,000. That is a massive jump of Rs 10,000 per kg in just 72 hours.

The precious white metal on Thursday witnessed a consistent uptick, with 1 gram of silver priced at Rs 190, up Rs 1 from Rs 189 the previous day. The trend held firm as quantities increased with 10 grams of silver are now available for Rs 1,900, rising by Rs 10.

Meanwhile 100 grams of Silver climbed to Rs 19,000, reflecting a Rs 100 surge. The most significant jump was seen in the 1 kg silver bar, which soared by Rs 1,000, reaching Rs 1,90,000, up from Rs 1,89,000 on October 14.

Latest Silver Prices Per Gm/Kg on 15 October 2025 in Top Cities

Here is a city-wise breakdown of silver rates in major Indian cities for today, October 15, 2025, based on standard weights of 10 grams, 100 grams and 1 kilogram:

Chennai Silver Rate Today

Silver prices in Chennai remained on the higher side today, with 10 grams priced at Rs 2,070, 100 grams at Rs 20,700 and 1 kilogram at Rs 2,07,000.

Silver Prices in Mumbai Today

In Mumbai, silver was trading at Rs 1,900 for 10 grams, Rs 19,000 for 100 grams and Rs 1,90,000 per kilogram on Thursday.

Today's Silver Rate in Ahmedabad

Silver in Ahmedabad is also priced at Rs 1,900 for 10 grams, Rs 19,000 for 100 grams, and Rs 1,90,000 per kilogram today.

Silver Rate Today Pune

Pune reported standard silver rates today, with Rs 1,900 for 10 grams, Rs 19,000 for 100 grams and Rs 1,90,000 for 1 kilogram.

Delhi Silver Prices Today

Delhi mirrored Mumbai's pricing on 15 October, with 10 grams at Rs 1,900, 100 grams at Rs 19,000, and 1 kilogram at Rs 1,90,000.

Silver Rate in Kolkata Today

Silver in Kolkata is also priced at Rs 1,900 for 10 grams, Rs 19,000 for 100 grams and Rs 1,90,000 per kg.

Bangalore Silver Price Today

In Bangalore, silver is trading slightly higher at Rs 1,950 per 10 grams, Rs 19,500 per 100 grams and Rs 1,95,000 per kg on 15 October 2025.

Hyderabad Silver Rate Today

Silver prices in Hyderabad are among the highest today, matching Chennai. The rates are Rs 2,070 for 10 grams, Rs 20,700 for 100 grams and Rs 2,07,000 per kilogram.

MCX Silver Price Today: Check Spot Silver Price

On October 15, 2025, silver futures continued their upward momentum on the Multi Commodity Exchange (MCX), reflecting strong demand in the precious metals segment. As of 11:14 AM IST, the silver rate for December 5, 2025 expiry stood at Rs 1,60,557 per kilogram, registering a sharp gain of Rs 1,053 or 0.66% compared to the previous close.

The session opened at Rs 1,59,800, slightly above the previous day's closing price of Rs 1,59,504, signaling positive market sentiment from the outset. Trading activity remained healthy, with a volume of 6,717 lots.

Meanwhile, the spot price of silver was quoted at Rs 90,951, significantly lower than the futures price, which could indicate bullish expectations in the coming weeks leading up to the contract expiry.

Silver Futures Rate Outlook: Motilal Oswal Says, "Silver, A Structural Bull Market, Not a Speculative Cycle"

"Silver prices have surged past $51.30 per ounce in October 2025, registering over 70% year-to-date gains and reaching a 14-year high...............the ongoing rally represents an enduring structural bull market, fuelled by inelastic mine supply, accelerating green economy demand and the rapid depletion of above-ground inventories. Silver's dual identity as both an industrial metal and a safe-haven asset positions it uniquely for long-term appreciation," MOFSL reported.

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