National News
Silver Demand Slips as Prices Hit Record Highs
Silver bar sales fall 20% despite heavy discounts, as price volatility keeps investors and jewellers cautious
Demand for silver bars has weakened sharply after prices surged to record levels this month, even as bullion dealers rolled out steep discounts to attract buyers. According to the India Bullion & Jewellers Association (IBJA), silver demand in January has dropped around 20% year-on-year, reflecting buyer hesitation amid extreme price volatility.
Silver prices jumped nearly 24% in the last fortnight, rising from Rs.2.29 lakh per kg on January 1 to a record Rs.2.85 lakh per kg, before easing slightly to Rs.2.82 lakh per kg on Friday. The muted demand comes despite dealers offering discounts of up to Rs.8,000 per kg. Industry experts say continued price swings are discouraging physical purchases.
Bullion traders in Mumbai’s Zaveri Bazaar noted that jewellers have also slowed their silver buying, uncertain about consumer off-take at current price levels. India typically consumes 6,000–7,000 tonnes of silver annually, but recent volatility has disrupted purchasing patterns. Market participants attribute the fluctuations to geopolitical tensions, global profit-booking, and uncertainty over US trade policy.
Prices briefly dipped earlier in the month due to profit-taking before rebounding again. Analysts point out that silver inventories have shifted from London to New York vaults, tightening availability in the market and pushing prices higher, even as industrial demand remains strong.
Adding to the uncertainty, Indian buyers are waiting for clarity on US policy decisions and the upcoming Union Budget, with expectations that the government may reduce the current 6% import duty on silver to ease prices. While some analysts believe short-term corrections are possible due to profit-booking, others remain optimistic about silver’s longer-term outlook, citing strong macro fundamentals and sustained industrial demand.
BrandBuzz
The Pearl Edit: Thoughtful Women’s Day Gifting by GIVA
Timeless pearl creations from GIVA that honour the quiet strength, elegance, and individuality of modern women.
For generations, pearls have defined timeless elegance — an evergreen classic that transcends trends and seasons. Effortlessly refined, they carry a quiet sophistication that has remained relevant across eras.
Neither fleeting nor ornamental, pearls embody a kind of understated luxury, graceful, enduring, and always in style.
This Women’s Day, GIVA celebrates women who are building, leading, choosing, and redefining life on their own terms. Women who don’t need to be loud to be powerful, because their presence speaks for itself.
In that spirit, pearls make for a meaningful gift. Timeless yet modern, they move effortlessly from everyday moments to milestone celebrations, making them a thoughtful way to honour the women who inspire us, whether it’s a mentor, a friend, a colleague, or even yourself.
Here are some pearl pieces that make for perfect Women’s Day gifts.
Stay With Me Golden Pendant With Link Chain
For the one who wears her heart unapologetically. A radiant pearl drop pendant set in gold-plated 925 silver, designed with an elegant lattice motif that blends timeless romance with modern craftsmanship. From the Barkha Singh x GIVA Glow in Motion collection, this piece celebrates intricate CNC artistry while offering a refined statement for everyday elegance.
Gold Pearl Centred Diamond Earrings
Elegant and timeless, these 18K BIS-hallmarked gold earrings feature a delicate circular motif with a luminous pearl at the centre, accented by sparkling lab-grown diamonds below. Designed for everyday luxury, they blend classic sophistication with modern brilliance, making them a graceful statement for any occasion.
Rose Gold On Mom’s Path Bracelet
A heartfelt rose gold-plated bracelet crafted in 925 silver, featuring a charming baby shoe motif with enamel detailing, a delicate pearl accent, and a subtle “mom” engraving. Thoughtfully designed to celebrate the unbreakable bond between a mother and her child, it makes for a meaningful keepsake.
Anushka Sharma Silver Drops of Pearls Set
Inspired by the hidden beauty of ocean pearls, the Anushka Sharma Silver Drop of Pearl Set captures effortless elegance with a graceful pearl drop and sparkling zircon accents. Crafted in 925 silver, the set includes a delicate pendant and matching earrings designed to add timeless charm to any look.
Rose Gold Glam Drops Necklace
Graceful and statement-making, this rose gold-plated lariat necklace in 925 silver features a central oblong pearl with delicate cascading strands ending in luminous pearls. Elegant yet contemporary, it’s the perfect piece to elevate evening looks and special occasions with effortless glamour.
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