Demand for industrial silver in India 2012-2023

Published by
Madhumitha Jaganmohan,
Apr 29, 2024

In 2023, the total demand for industrial silver in India amounted to approximately 41.4 million troy ounces, which was a decrease of about three percent compared to the previous year. The value recorded in 2022 was also the largest demand volume for industrial purposes in India recorded during the period of consideration.

Demand for industrial silver in India from 2012 to 2023 (in million troy ounces)

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Release date

April 2024

Region

India

Survey time period

2012 to 2023

Supplementary notes

One troy ounce is equal to 31.103 grams.

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