In 2024, the average nominal price of silver in India was ****** Indian rupees for one kilogram, which was an increase of over ****** rupees from the previous year, and the highest figure during the period of consideration.

Interactive chart of historical data for 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.

Silver rose to 35.97 USD/t.oz on June 6, 2025, up 0.86% from the previous day. Over the past month, Silver's price has risen 10.82%, and is up 23.35% compared to the same time last year, 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 June of 2025.

Get the latest insights on price movement and trend analysis of Silver in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Between January 1971 and May 2025, gold had average annual returns of **** percent, which was only slightly more than the return of commodities, with an annual average of around eight percent. The annual return of gold was over ** percent in 2024. 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 *** million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

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

Long term historical dataset of daily COMEX copper prices back to 1971. The price shown is in U.S. Dollars per pound.

Snapshot img

Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by USD 105.3 billion at a CAGR of 6.4% between 2024 and 2029.

Precious metals, including platinum, palladium, gold, and silver, continue to be sought-after commodities in various industries, from consumer electronics and jewelry to renewable energy and wealth management. The market for precious metals is driven by their unique properties, such as high conductivity, resistance to corrosion, and use as catalysts in various applications. Composite materials incorporating precious metals, like tellurium in solar panels and beacon materials in semiconductors, are gaining popularity due to their enhanced performance. Moreover, the growing focus on Environmental, Social, and Governance (ESG) factors is influencing the market, with consumers and investors increasingly demanding responsible sourcing and ethical mining practices.
Platinum, for instance, is extensively used in catalytic converters In the automotive industry to reduce emissions, making it a critical component In the transition to cleaner transportation. In the realm of consumer electronics, precious metals are essential for the production of high-performance computer components, such as memory chips and connectors. Renewable energy technologies, like solar panels and fuel cells, also rely on precious metals for their efficient operation. Exchange-Traded Funds (ETFs) offer investors a cost-effective way to gain exposure to the markets, making them an attractive investment option during economic uncertainty. However, challenges persist, such as the environmental impact of mining and extraction processes, geopolitical risks, and supply chain disruptions.
Addressing these challenges through sustainable mining practices, technological innovations, and strategic partnerships will be crucial for the continued growth of the market.

What will be the Size of the Precious Metals Market during the forecast period?

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The market encompasses gold, silver, platinum, and palladium, each with distinct roles in various industries. Gold, a traditional safe-haven asset, maintains demand for jewelry and as a store of value. Silver, with applications in jewelry, electronics, solar panels, and electric vehicles, exhibits price volatility due to its diverse usage. Platinum and palladium, collectively known as platinum group metals, are essential components in catalytic converters, electronics, and renewable energy technologies. The market size is substantial, driven by increasing demand from the electrical and electronics sector, solar panel manufacturers, and the jewelry industry. Environmental concerns and regulations, such as those related to carbon emissions and environmental pollution, further influence market dynamics.
The Silver Institute and World Gold Council serve as key sources of industry insights and research.

How is this Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa

    Brazil


  South America

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period. Precious metals, including gold, silver, platinum, and palladium, held significant market value in 2024. Gold, in particular, led the segment due to its enduring appeal as a safe-haven asset and store of value. Central banks, such as the US Federal Reserve and the Bank of Germany, continue to accumulate gold reserves, while investors seek refuge during economic uncertainty. Gold's unique properties, like malleability and conductivity, make it indispensable in various industries, including electronics, dentistry, and jewelry. The rise of gold exchange-traded funds (ETFs) has boosted investor accessibility, creating liquidity and demand. Despite price fluctuations, gold's importance remains undeniable, serving as a standard for stability and asset preservation amidst global financial volatility.

Silver, platinum, and palladium also hold importance in diverse applications, such as jewelry, electronics, solar panels, electric vehicles, and catalytic converters. The market is influenced by geopolitical tensions, inflation concerns, currency fluctuations, and environmental impact, including climate change and renewable energy sources. The industry adheres to circular economy principles, sustainability, and brand reputation, offering eco-friendly products and complying wit

Although historically not as popular as gold, silver is an important aspect of the jewelry market in India. The demand for silver amounted to over 2.6 thousand metric tons in 2023. This was a decrease of 25 percent as compared to the previous year. The significance of silver Different pieces used in prayer corners or rooms of Indian houses (more often of the Hindu faith) are often made of silver. These include intricately designed lamps. Silver is also presented at weddings, naming ceremonies, and birthdays, among other occasions. Furthermore, silver is not only cheaper compared to gold and platinum but it is molded into more chic, new-age designs that have a higher appeal for daily accessorizing, especially among younger Indians. Not just the poor man’s gold Mass-produced silver jewelry, mainly in five cities across the northern region of India, makes for availability and convenience. Despite gold loans being taken out to meet expectations of grand wedding jewelry, silver is more accessible to a larger share of the population, since the latter is made up primarily of lower income groups. Traditional anklets or Payals are most commonly preferred in silver jewelry. Another common piece of silver jewelry for married women across the country was a pair of toe rings on each foot, believed to strengthen fertility.

Snapshot img

India Jewelry Market Size 2025-2029

The jewelry market size in India is forecast to increase by USD 25.6 billion at a CAGR of 5.9% between 2024 and 2029.

The jewelry market is experiencing significant growth, driven by the cultural significance of precious metals, gems, and stones, particularly In the context of bridal designs and custom-made pieces. The rise of online sales through e-commerce platforms has revolutionized the industry, making diamond jewelry and other fine pieces more accessible to consumers. Platinum, polished diamonds, and other high-end gems and jewellery continue to be popular choices for special occasions and everyday wear. 
The increasing popularity of e-commerce has led to the availability of costume jewelry and wedding services online. As gold prices remain high, consumers are seeking alternatives such as lab-grown diamonds and other precious metals. Overall, the jewelry market is expected to continue its growth trajectory, with consumers in North America and beyond showing a strong demand for both traditional and innovative designs.

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

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The global jewelry market encompasses a wide range of merchandise, including gemstones, lab-grown diamonds, watches, accessories, and more. This market exhibits growth, driven by increasing consumer spending on luxury items and the continuous expansion of B2C enterprises. Exports play a significant role In the jewelry industry's dynamics, with many countries serving as key exporters. Virtual buyer-seller meets and export promotion initiatives facilitate international trade. Jewelry demand is influenced by various cultural and religious occasions, such as Baisakhi, Karva Chauth, Durga Puja, Gudi Pavda, Akshaya Tritiya, and Indian weddings.
Gold remains a popular choice for jewelry due to its cultural significance and value as a precious metal. The trend towards lab-grown diamonds is also exponential, offering a more sustainable and cost-effective alternative to natural diamonds. Retail sales of jewelry and related accessories, including luggage and bags, continue to rise, fueled by the growing affluence of consumers worldwide. The jewelry market is expected to maintain its upward trajectory, reflecting the enduring appeal of these items as expressions of personal style, status, and tradition.

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 billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Diamond
  Others


Distribution Channel

  Specialist retailers
  Online


End-user

  Women
  Men


Product Type

  Necklaces and chains
  Earrings
  Others


Geography

  India

By Type Insights

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

The Indian jewelry market is dominated by gold, driven by increasing income levels and cultural traditions. Gold jewelry demand continues to grow, influenced by international gold prices, inflation, and financial regulations. Younger generations' preferences are shifting due to alternative materials and designs. Gold remains popular for special occasions and investment. The Indian jewelry industry includes merchants, manufacturers, and exhibitors at events like the Internal Jewellery Show and Virtual Buyer-Seller Meets. Exports of gold jewelry, loose diamonds, and gemstones contribute significantly to India's Gross Domestic Product (GDP) and merchandise exports.

The market includes fine jewelry, plain gold, gold-studded, diamond-studded, and silver jewellery. Gold coins and monetization schemes are also popular. Custom and import duties, hallmarking, and consumer spending on jewelry, accessories, watches, luggage, and bags are key factors. The industry employs numerous family jewellers, branded jewelry retailers, and manufacturers. Despite competition from imitation and luxury fashion jewellery, gold remains a trusted choice for the elite class, particularly women.

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Market Dynamics

Our India Jewelry Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Jewelry Market?

The cultural significance of jewelry is the key driver of the market.

The Indian jewelry market holds significant importance due to the cultural significance of gold, which is often seen as a symbol of prosperity and wealth. India is the world's second-largest consumer of gold, with high demand driven by

Historical dataset of daily Brent (Europe) crude oil prices over the last ten years. Values shown are daily closing prices.

Copper rose to 4.89 USD/Lbs on June 9, 2025, up 1.65% from the previous day. Over the past month, Copper's price has risen 6.69%, and is up 7.68% compared to the same time last year, 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 June of 2025.

Snapshot img

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.

Get a glance at the market report of share of various segments Request Free Sample

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

375676 Global export shipment records of Silver Jewellery with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Snapshot img

India Costume Jewelry Market Size 2025-2029

The India costume jewelry market size is forecast to increase by USD 1.16 billion at a CAGR of 11.4% between 2024 and 2029.

Indian costume jewelry market is experiencing significant growth, driven primarily by the affordable pricing of these accessories, making them an attractive choice for consumers. This affordability factor, coupled with increasing trends among millennials towards expressing individuality and fast fashion, is fueling market expansion. However, the market faces challenges that could impact its growth potential. One such challenge is the low durability of costume jewelry, which may deter some consumers from making repeat purchases. Additionally, regulatory hurdles related to the use of certain materials and production processes can pose obstacles for market participants.
To capitalize on the market's growth opportunities and navigate these challenges effectively, companies must focus on enhancing the durability of their products while adhering to regulatory requirements. By doing so, they can cater to the evolving consumer preferences and maintain a competitive edge in the jewelry market.

What will be the size of the India Costume Jewelry Market during the forecast period?

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The Indian costume jewelry market encompasses a diverse range of collections, including designer, fashion, ethnic, and bridal jewelry. Product design plays a crucial role in catering to various consumer preferences, with influences from vintage style, fashion trends, and boho chic. E-commerce technology and digital marketing strategies, such as influencer marketing and

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Necklaces and chains
  Earings
  Rings
  Bracelets
  Others


End-user

  Female
  Male


Distribution Channel

  Online Marketplaces
  Retail Stores
  Street Markets


Design Type

  Traditional
  Contemporary


Material Type

  Metal-Based
  Beaded
  Gemstone


Geography

  APAC

    India

By Product Insights

The necklaces and chains segment is estimated to witness significant growth during the forecast period.

The Indian costume jewelry market, particularly the necklaces and chains segment, is experiencing notable growth due to increasing innovation and consumer preferences. This segment is anticipated to generate substantial revenue during the forecast period. The trend is driven by the rising personal grooming, fashion consciousness, and elevated living standards, primarily among women worldwide. Men's demand for necklaces and chains is also on the rise. Fashion bloggers and style influencers are promoting these accessories, leading to increased sales. Retail stores are capitalizing on this trend through advertising campaigns and social media marketing, fostering brand loyalty. Handmade and designer jewelry, including those with cubic zirconia, rings diamonds, crystal beads, and semi-precious stones, are popular choices.

Price sensitivity remains a crucial factor, with promotional offers and seasonal trends influencing consumer behavior. Jewelry manufacturing involves metal alloys such as silver plating and rhodium plating for improved quality and durability. E-commerce platforms and online retail have made costume jewelry more accessible, with product ratings and reviews guiding purchasing decisions. The market encompasses a wide range of jewelry types, from ethnic and bridal to fashion and Western, catering to various consumer preferences.

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The Necklaces and chains segment was valued at USD 310.90 million in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the India Costume Jewelry Market drivers leading to the rise in adoption of the Industry?

The affordable pricing of costume jewelry is a significant factor driving the growth of the market. Costume jewelry's accessibility and affordability make it an attractive option for consumers, contributing to its expanding popularity and market size. 



Costume jewelry, known for its affordability, holds significant appeal in the Indian market due to price sensitivity among consumers. With the average cost of costume jewelry accessories like necklaces and rings ranging from USD15 to USD25 and USD5 to USD10, respectively, they offer a budget-friendly alternative to precious jewelry made from gold, diamonds, silver, and precious stones and metals , which can cost USD30

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) 
    - [**95% Copper Pennies (Pre-1983)**](https://www.moneymetals.com/pre-1983-95-percent-copper-pennies/4) 
    - [**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).

LME Index fell to 4,113.40 Index Points on June 6, 2025, down 0.67% from the previous day. Over the past month, LME Index's price has risen 2.67%, but it is still 1.89% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on June of 2025.

Titanium traded flat at 50.50 CNY/KG on June 6, 2025. Over the past month, Titanium's price has remained flat, but it is still 0.98% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.