Hyderabad: Silver prices are witnessing a sharp rise, mirroring the trend seen in gold, leading to a significant increase in market demand. Consumers are increasingly viewing silver as an attractive investment option, with growing interest in silver biscuits, coins, and bullion in addition to jewellery. Market experts note that over the past two years, silver has delivered higher returns than gold, supported by rising industrial demand from sectors such as electronics and solar energy.
Tarang Arora, CEO of Jaipur-based Amrapali Jewellery, said the company has begun selling silver biscuits in response to growing customer demand. He noted that while silver earlier received limited attention from buyers, interest has risen sharply in recent times, with more consumers actively opting to invest in the metal.
Echoing similar views, Aditya Modak, Co-founder of Gargi by PN Gadgil & Sons, stated that during the 2025–26 financial year, the number of buyers purchasing silver biscuits and coins increased by nearly 50 percent compared to the previous year. He attributed this shift to the steep rise in gold prices, which has reduced affordability for many consumers, prompting them to turn towards silver as an alternative investment.
Modak added that during the Diwali season, corporate entities placed bulk orders for lightweight silver coins for gifting purposes, despite rising prices. He also observed strong buying interest in silver biscuits and bullion over the past three months, indicating growing confidence among investors. While silver does not offer the same stability as gold, it has generated higher returns, though it also carries greater risk, he cautioned.
On the global front, silver prices have crossed the $90 per ounce mark, driven by geopolitical tensions and strong demand from industries such as electric vehicles, solar panels, and semiconductors. In the domestic market, a weakening rupee has pushed spot silver prices beyond ₹3 lakh per kilogram for the first time, marking a significant milestone for the precious metals market.