Silver prices in India surged sharply on Wednesday, December 10, with the metal touching Rs 199 per gram and Rs 1,99,000 per kilogram, marking a strong upward movement compared to the previous session. The increase reflects global momentum, where international silver prices continue to climb on expectations of US Federal Reserve policy easing and tightening global supply conditions.
As per the latest data, silver rates across major Indian cities remain elevated, with top metros such as Mumbai, Delhi, Bengaluru, and Kolkata quoting Rs 1,99,000 per kg, while Chennai, Hyderabad, and Kerala recorded slightly higher rates of Rs 2,07,000 per kg.
The rise in domestic silver prices mirrors the international surge, where silver recently crossed $60 per ounce for the first time, driven by speculative bets on a possible quarter-point rate cut by the US Fed at the conclusion of its December 9–10 meeting.
Silver rates today (10 grams, 100 grams, 1 kg)
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,070 | ₹20,700 | ₹2,07,000 |
| Mumbai | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Delhi | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Kolkata | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Bangalore | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Hyderabad | ₹2,070 | ₹20,700 | ₹2,07,000 |
| Kerala | ₹2,070 | ₹20,700 | ₹2,07,000 |
| Pune | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Vadodara | ₹1,990 | ₹19,900 | ₹1,99,000 |
| Ahmedabad | ₹1,990 | ₹19,900 | ₹1,99,000 |
Silver prices remain influenced by global market trends, dollar movement, and industrial demand expectations, especially as the metal plays a crucial role in renewable technologies, electronics, and solar applications. With international prices testing new highs, domestic markets could continue to see elevated or volatile price action through the month.
