Demand for silver in India has increased from around 3,000 to 6,000 tons over the last five years, according to Chirag Thakkar, CEO of the Indian bullion company Amrapali Gujarat. In fact, the market for the white metal has been enjoying massive growth for several years now.
According to Thakker a fifth of the Indian silver demand is industrial, with non-industrial demand for jewelry, silverware and investment making up the rest of the demand.
According to the Silver Institute’s 2019 silver market trends report, India was projected to be one of the world’s leading silver consumers this year. Silver imports into the country reached nearly 225 million ounces last year, over 35% higher than in 2017.
According to Thakker, it is considered auspicious to buy silver or to gift silver during important events like the birth of a child, weddings or during festivals.
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
