Silver prices in India witnessed a sharp correction on Monday, December 30, retreating significantly from their recent record highs. The white metal slipped by Rs 18,000 per kilogram from its peak levels, tracking weakness in global markets and profit booking after an exceptional rally over the past few weeks.
As per the latest data, silver prices in the domestic market stood at Rs 2,40,000 per kg, down from Rs 2,58,000 per kg in the previous session. On a per-gram basis, silver was priced at Rs 240, compared with Rs 258 earlier, reflecting a decline of Rs 18 per gram.
In major cities, silver rates remained largely aligned. Mumbai, Delhi, Kolkata, Bengaluru, Pune, Ahmedabad and Vadodara recorded silver prices at around Rs 2,40,000 per kg. Meanwhile, Chennai, Hyderabad and Kerala saw slightly higher prices at Rs 2,58,000 per kg, reflecting local levies and regional pricing differences.
Latest silver prices in major Indian cities (December 30, 2025)
According to city-wise data, silver prices today are as follows:
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Chennai: Rs 2,580 per 10 gram | Rs 25,800 per 100 gram | Rs 2,58,000 per kg
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Mumbai: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Delhi: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Kolkata: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Bengaluru: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Hyderabad: Rs 2,580 per 10 gram | Rs 25,800 per 100 gram | Rs 2,58,000 per kg
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Kerala: Rs 2,580 per 10 gram | Rs 25,800 per 100 gram | Rs 2,58,000 per kg
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Pune: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Vadodara: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
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Ahmedabad: Rs 2,400 per 10 gram | Rs 24,000 per 100 gram | Rs 2,40,000 per kg
The recent fall comes after silver delivered an extraordinary performance in the current calendar year. The metal had surged nearly 175% year-to-date, rising by over Rs 1.5 lakh per kg, making it the best-performing asset class domestically and outperforming gold, which gained over 80% during the same period.
Last week alone, silver prices had jumped nearly 15%, supported by strong industrial demand, supply concerns, and tightening global inventories. China’s announcement of export restrictions on silver from January 1, 2026, requiring export licences through 2027, had further fuelled the rally, pushing prices to record highs.
However, the latest correction suggests a cooling-off phase, with traders locking in gains after the sharp run-up. Global cues, including movements in precious metal futures and broader commodity markets, also weighed on prices.
Despite the pullback, silver prices remain significantly higher on a yearly basis, keeping the metal firmly in focus amid ongoing volatility in global commodities markets.
