# Gold prices boost silver coin demand on Dhanteras

2026-11-01T11:41:16+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Dhanteras has seen a surge in demand for silver items in Delhi’s jewellery market, driven by high gold prices. Customers are showing strong interest in silver coins, particularly the 10-gram denomination, along with Lakshmi-Ganesh idols and ritual utensils. Traders report that buyers on a budget are choosing silver as a better alternative to gold jewellery. The tradition of purchasing silver coins for Dhanteras and Diwali continues to sustain demand every year. Silver idols of Lakshmi-Ganesh and puja items such as plates, bowls and glasses are also in demand. The market offers coins in 5, 10, 20 and 50 gram options.

## Indian Opinion Analysis

The shift to silver on Dhanteras signals a direct impact of gold price levels on consumer behaviour in the festive season. Budget-conscious buyers are prioritising religious tradition over investment in higher-cost metal, which benefits silver sellers but may pressure gold jewellery volumes. The source leaves unaddressed whether this substitution is temporary or marks a longer trend. The next indicator will be how silver coin and idol sales compare with last year's figures once traders tally the full Dhanteras sales.

## Coverage

- amarujala.com <https://www.amarujala.com/delhi-ncr/impact-of-rising-gold-prices-demand-for-silver-coins-increases-on-dhanteras-delhi-ncr-news-c-503-1-del1005-2697-2026-10-31>
  Straight market report, no government angle or editorialising

This brief was synthesised by AI from the source linked above.

Tags: Delhi, Dhanteras, gold prices, silver
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