In 2023, the average nominal price of silver in India was 61,981 Indian rupees for one kilogram, which was a decrease of over 14,000 rupees from the previous year. India was the world's 11th largest silver mining country as of 2021.

Silver increased 4.76 USD/t. oz or 16.49% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on March of 2025.

During the last quarter of 2024, the silver prices in the USA reached 31.3 USD/toz (H2 2024 Avg Price) in December. As per the silver price chart, prices surged during the latter half of 2024, largely influenced by the Federal Reserve’s interest rate cuts, which diminished the dollar. This shift made silver an attractive investment, particularly as a lower-cost alternative to gold.

Product	Category	Region	Price
Silver	Metals	USA	31.3 USD/toz (H2 2024 Avg Price)

Explore IMARC’s newly published report, titled “Silver Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of silver pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Historical dataset of real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

High Frequency Indicator: The dataset contains year- and month-wise compiled data on the average prices of Gold (Standard) and Silver at Mumbai in India

India Consumer Price Index (CPI): Miscellaneous: Silver data was reported at 75.200 2012=100 in Oct 2018. This records an increase from the previous number of 74.500 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Silver data is updated monthly, averaging 76.300 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 85.400 2012=100 in Mar 2014 and a record low of 65.900 2012=100 in Jan 2016. India Consumer Price Index (CPI): Miscellaneous: Silver data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

NCDEX: Spot Price: Silver: New Delhi: First Session data was reported at 98,592.250 INR/kg in 26 Mar 2025. This records an increase from the previous number of 97,087.400 INR/kg for 25 Mar 2025. NCDEX: Spot Price: Silver: New Delhi: First Session data is updated daily, averaging 87,767.000 INR/kg from Jan 2024 (Median) to 26 Mar 2025, with 303 observations. The data reached an all-time high of 100,194.150 INR/kg in 18 Mar 2025 and a record low of 68,902.900 INR/kg in 14 Feb 2024. NCDEX: Spot Price: Silver: New Delhi: First Session data remains active status in CEIC and is reported by National Commodity & Derivatives Exchange Limited. The data is categorized under India Premium Database’s Price – Table IN.PB001: Commodities Spot Price: National Commodity & Derivatives Exchange Limited.

India's imports of silver amounted to a total value of 422 billion Indian rupees in financial year 2023. That was a significant increase from the value of silver imports to India previous year, and was also the highest import value during the period of consideration.

Nickel increased 995.38 USD/MT or 6.51% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on March of 2025.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

    Explore more about copper investments on **Money Metals**:

    - [**Buy Copper Products**](https://www.moneymetals.com/buy/copper) 
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    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

Zinc decreased 22.57 USD/MT or 0.76% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on March of 2025.

Copper increased 1.13 USd/LB or 28.38% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on March of 2025.

In 2024, the Indian silver ore market decreased by -1.6% to $2.1M for the first time since 2019, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $2.9M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

The global silver nitrate market is projected to reach USD 0.88 billion by 2033, exhibiting a CAGR of 5.50% during the forecast period. The market growth is primarily attributed to the increasing demand for silver nitrate in medical & pharmaceutical and industrial applications. Silver nitrate is extensively used as an antiseptic in surgical dressings, disinfectants, and other medical products due to its antimicrobial properties. Additionally, the growing adoption of silver nitrate in the electronics industry, where it is used as a conductor in conductive pastes and coatings for printed circuit boards, is driving market growth. The Asia Pacific region is anticipated to be the largest market for silver nitrate during the forecast period. The strong demand from emerging economies, particularly China and India, is a key driver of market growth in this region. China, a leading manufacturer of electronics, is witnessing a surge in the production of smartphones, laptops, and other electronic devices, which in turn is increasing the demand for silver nitrate. India, on the other hand, is witnessing a rising demand for silver nitrate in the medical & pharmaceutical industry, owing to the growing healthcare infrastructure and increasing investment in healthcare products. Recent developments include: In March 2022: the latest use of silver nitrate with more than 2,000 years of antimicrobial history is introduced by the University of Hong Kong (HKU) which can re-sensitize the last-line antimicrobial colistin in the combination therapy against superbugs.. Notable trends are: Growing infrastructure projects worldwide increase the use of silver in applications like electrical contacts and conductors the market growth.

The Indian silver goldsmiths non-jewelry article market rose to $184M in 2023, growing by 3.2% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Silver goldsmiths non-jewelry article consumption peaked at $199M in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

According to Cognitive Market Research, the global Silver Catalyst market size is USD 4162.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1665.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1248.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 957.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 208.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 83.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Grain held the highest Silver Catalyst market revenue share in 2024.

Market Dynamics of Silver Catalyst Market

Key Drivers for Silver Catalyst Market

Rising Chemical Industry to Drive the Market Growth

One of the biggest end-user markets for silver catalysts is the chemical sector. The catalyst is widely used in the synthesis of several different compounds, including formaldehyde, methanol, and ethylene oxide. As more chemicals are processed globally, the chemical industry is growing, which in turn is driving the expansion of the market. For example, the June 2021 Mid-Year US Chemical Industry Outlook study projects that in 2022, chemical volumes in the US will increase by 3.2%, while shipments are expected to increase by 8.2%. In a similar vein, the India Brand Equity Foundation's statistics indicate that 18–23% revenue growth is projected for FY22 among small and medium-sized businesses in the country's chemical industry.

Growing Electronics Industry to Propel Market Growth

The electronic industry represents a significant market for silver catalysts. This industry uses a lot of catalyst to produce formaldehyde and ethylene oxide, which are then used to make a variety of electronic components like electrical control knobs, computer key tops, household appliance components, and electrical insulating materials. The market is expanding as a result of the growing demand for electronic products, which is driving expansion in the electronic industry. For example, the German Electro and Digital Industry Association's Global Electric Market Outlook 2022 study states that South Korea's electronic industry achieved a volume of USD 218.01 billion in 2020, increasing by 4%.

Restraint Factor for the Silver Catalyst Market

High Cost and Availability of Alternatives to Limit the Sales

The price of silver catalysts can be affected by changes in the value of silver, a precious metal with substantial worth. The usage of silver catalysts may be restricted by their high cost when compared to alternatives due to high raw material costs. Moreover, there are additional catalysts that can be used in industrial processes, such as catalysts based on nickel, palladium, and platinum. There may be less demand for silver catalysts if these substitutes are chosen because they are more affordable or have different performance qualities.

Impact of Covid-19 on the Silver Catalyst Market

The COVID-19 pandemic had a severe effect on the global market for silver catalysts. During the epidemic, issues including a shortage of supplies and the temporary closure of manufacturers emerged, which hampered the market's expansion. The market participants put in place a number of backup strategies to ensure that their businesses continued to run during the pandemic. The market's growth was also hindered by the stagnating growth in a number of end-use industries, including construction and the automobile sector. By the end of 2020, the market for silver catalysts was growing at an acceptable pace due to the growth of other end-use industries including electronics and drugs. The market is anticipated to increase rapidly in the future because of the significant expansion in the electronics and chemicals industries. Introduction of the Silver Catalyst Marke...

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Silver Iodide Market Size 2024-2028

The silver iodide market size is forecast to increase by USD 100.1 million at a CAGR of 6.3% between 2023 and 2028.

The market is experiencing significant growth due to the increasing utilization of artificial snowfall for mitigating water scarcity in agriculture and forest fire responses. The unique crystalline structure of silver iodide makes it an effective agent for cloud seeding and enhancing precipitation. Additionally, the use of silver iodide in pharmaceutical and medical applications, such as antibacterial agents and chloride salts, insoluble in water, is driving market expansion. However, the market is faced with challenges, including the fluctuating prices of silver, which can impact production costs. Furthermore, the demand for silver iodide in disaster relief efforts, particularly in areas prone to drought, is expected to increase as climate change exacerbates water scarcity issues.

What will be the Size of the Market During the Forecast Period?

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The market holds significant importance in the realm of weather modification and sustainable water management. This market caters to the demand for silver iodide crystals, a crucial component in cloud seeding technology. They play a pivotal role in precipitation manipulation, particularly in enhancing rainfall and mitigating drought. Cloud physics and atmospheric science are the foundational disciplines for understanding the application in weather modification. The crystals are employed in cloud seeding programs to alter the microphysical properties of clouds, leading to the formation of ice nuclei and subsequent precipitation. Water scarcity solutions represent a major application area for the market. In regions prone to agricultural drought, cloud seeding is employed as a drought mitigation technique to augment rainfall and improve water resource management.



Furthermore, the technology finds application in climate engineering to mitigate the impact of extreme weather events. Geophysical engineering and environmental engineering are the primary fields driving the development of advanced technology in the market. Infrared photography and infrared spectroscopy are used to monitor the effectiveness of cloud seeding programs. Weather forecasting models are employed to optimize the timing and location of cloud seeding operations. Advances in aerosol science and crystalline material are driving the development of weather control techniques like artificial rain and cloud seeding, offering potential solutions for water security through rain enhancement, while cloud seeding cost and its impact on the hydrological cycle remain key considerations. The market faces regulatory oversight due to ethical considerations and potential environmental impact.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Cloud seeding
  Antiseptic material
  Photosensitive material
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

By Application Insights

The cloud seeding segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, particularly in the cloud seeding segment. This segment is anticipated to expand at a notable pace compared to other categories such as antiseptic materials and photosensitive materials. The primary reason for this growth is the increasing recognition of cloud seeding processes in various countries like India, the US, UAE, and China. For instance, China recently expanded its weather modification program in December 2020, aiming to cover 5.5 million square kilometers with artificial snowfall or rain over the next five years. This initiative aims to enhance agricultural productivity, provide disaster assistance, and enable rapid response to forest fires. Online platforms and industrial suppliers play a crucial role in the distribution of Silver Iodide, catering to industries such as healthcare and semiconductors that require scintillator and semiconductor-grade Silver Iodide.

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The cloud seeding segment was valued at USD 104.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 47% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the

Between January 1971 and March 2024, gold had average annual returns of 7.98 percent, which was only slightly behind the return of commodities, with an annual average of eight percent. The annual average return of gold in 2023 was 13.1 percent. What is the total global demand for gold? The global demand for gold remains robust owing to its historical importance, financial stability, and cultural appeal. During economic uncertainty, investors look for a safe haven, while emerging markets fuel jewelry demand. A distinct contrast transpired during COVID-19, when the global demand for gold experienced a sharp decline in 2020 owing to a reduction in consumer spending. However, the subsequent years saw an increase in demand for the precious metal. How much gold is produced worldwide? The production of gold depends mainly on geological formations, market demand, and the cost of production. These factors have a significant impact on the discovery, extraction, and economic viability of gold mining operations worldwide. In 2024, the worldwide production of gold was expected to reach 124 million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

[250 Pages Report] Global Silver Nitrate demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 8.8 Billion from 2022 to 2032. Growth is attributed to increased demand for silicone elastomers, especially across the automotive and construction industries.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 5 Billion
Expected Market Value (2022)	US$ 5.3 Billion
Anticipated Forecast Value (2032)	US$ 8.8 Billion
Projected Growth Rate (2022 to 2032)	5.2% CAGR

Scope Of Report

Report Attribute	Details
Growth Rate	CAGR of 5.2% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Grade Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe Asia Pacific Excluding Japan Japan Middle East & Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany United Kingdom France Spain Italy Nordics BENELUX Australia & New Zealand China India ASIAN GCC Countries South Africa
Key Companies Profiled	Ames Goldsmith Corporation S D FINE CHEM LIMITED Spectrum Chemical Manufacturing Corp. Sigma-Aldrich Co. LLC Rochester Silver Works LLC Tongling Nonferrous Metals Group Holdings Co. Ltd. Chengzhou Jingui Silver Industry Co. Ltd. K. Chemical Industries Pvt. Ltd. EMD Milipore Corporation Mahi Enterprise Columbus Chemical Industries (CCI)
Customization	Available Upon Request

The global colloidal silver market is expected to reach a valuation of US$ 603.7 million by 2023. It is anticipated to accelerate at a CAGR of 9.4% from 2023 to 2033. Colloidal silver sales are likely to account for a part of the demand in the global food market, which is projected to be valued at US$ 1,484.7 million in 2033.

Attributes	Key Insights
Colloidal Silver Market Estimated Size (2023E)	US$ 603.7 million
Projected Market Valuation (2033F)	US$ 1,484.7 million
Value-based CAGR (2023 to 2033)	9.4%
Collective Value Share: Top 3 Countries	20% to 25%

How Has the Market Progressed So Far in 2023?

Market Statistics	Details
Jan to Jun (H1), 2021 (A)	8.7%
Jul to Dec (H2), 2021 (A)	8.6%
Jan to Jun (H1),2022 Projected (P)	9.1%
Jan to Jun (H1),2022 Outlook (O)	9.0%
Jul to Dec (H2), 2022 Projected (P)	9.2%
Jul to Dec (H2), 2022 Outlook (O)	9.5%
Jan to Jun (H1), 2023 Projected (P)	9.6%

Country-wise Insights

Region	North America
Country	USA
CAGR	8.6%
BPS Analysis	207
Market Value (2033)	US$ 372.8 million

Region	Europe
Country	United Kingdom
CAGR	8.9%
BPS Analysis	214
Market Value (2033)	US$ 49.6 million

Region	Asia Pacific
Country	China
CAGR	11.0%
BPS Analysis	918
Market Value (2033)	US$ 223.9 million

Region	Asia Pacific
Country	India
CAGR	11.9%
BPS Analysis	160
Market Value (2033)	US$ 145.2 million

Region	Asia Pacific
Country	Japan
CAGR	5.1%
BPS Analysis	-914
Market Value (2033)	US$ 54.7 million

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 603.7 million
Projected Market Valuation (2033)	US$ 1,484.7 million
Value-based CAGR (2023 to 2033)	9.4%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ million) and Volume (MT)
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Segments Covered	Form, Particle size, End Use, Regions
Key Companies Profiled	Alfa Aesar (Thermo Fisher Scientific) American Elements Laboratories Argenol Trace Minerals Research Ltd. (North America) NANO IRON s.r.o. Nano Labs Reinste Nano Ventures Pvt. Ltd. Sigma-Aldrich (Merck KgaA) Strem Chemicals, Inc. US Research Nanomaterials, Inc.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives