After 11 days of fluctuating within a narrow range, silver prices witnessed a massive breakout on Tuesday. The price of silver surged by a whopping ₹10,500 per kilogram, catching buyers and investors off guard. According to market data, silver is now retailing at ₹2,90,000 per kg in major cities like Kolkata.

This sudden spike is attributed to increased industrial demand and global economic cues. Meanwhile, gold prices also showed a slight upward trend, with 24-carat gold priced at ₹1,62,530 per 10 grams. Market analysts believe that the lack of a clear trend over the past week has finally culminated in this sharp hike. For families planning weddings, this price surge represents a significant increase in their jewelry budget.