At Giva stores in Kolkata, known for their silver jewellery gifting collections, the price of everyday silver accessories has increased by at least Rs 1,000. There has been a 55% increase in the sale of silver jewellery since last January,” added Mosumi Das, another consultant at the same outlet. “With silver raw material costs having risen across the market, retail prices for silver jewellery have also shifted upward. While the demand for fashion jewellery made of silver has increased, the demand for heavier silver articles has drastically declined. Bangur similarly noted that though the overall demand for silver jewellery remains high, heavy or traditional silverware pieces aren’t as frequently chosen right now.

Source: The Telegraph February 09, 2026 12:10 UTC