Silver prices in India drop ~17% from record high as supply eases

Silver prices in India have fallen about 17% from their recent peak after the global supply chain improved and London vault availability increased. The metal, which had surged during festivals and investment demand, dropped to around ₹1.47 lakh per kg from ~₹1.78 lakh earlier this month. Traders say profit-taking and easing of physical shortage concerns drove the correction, though long-term demand from jewellery and investment remains intact. Market watchers will see if the decline broadens to other precious metals.