07-11-2026 12:00:00 AM
Corresponding with the hyper-liquidity in land monetization, Hyderabad's local bullion market has experienced unprecedented trade volumes over the past year. Silver, in particular, has seen massive volatility and record-breaking valuation shifts driven by explosive global green-energy industrial demand (solar panels and EV components) and safe-haven buying:
The extraordinary multi-lakh spike:
Driven by intense global mining constraints and explosive clean-energy applications, domestic silver spot benchmarks witnessed a historic rally in late 2025 and early 2026, climbing from an average base of Rs 89,131/kg in FY 2024–25 to an astonishing record peak of Rs 3,79,983/kg on January 29, 2026.
Sharp market correction & stabilization:
Following the speculative peaks of early 2026, the market experienced a sharp 49.9% value correction. By late October and early November 2026, reference retail rates for 999-purity silver in Nagpur have stabilized around Rs 1,84,000 to Rs 2,15,900 per kilogram base (excluding 3% GST and making charges).