The silver market in India witnessed a slight correction on Monday, December 29, after a phenomenal year of record-breaking rallies. While the precious metal had been the star performer of 2025, outpacing even gold, today's trading session saw prices retreat from their recent highs.
Today's Silver Price: A Snapshot of the Dip
As of today, December 29, the price of silver in India stands at ₹258 per gram. This marks a decrease of ₹4 compared to the previous trading session. On a kilogram basis, silver is now priced at ₹2,58,000 per kg, which is down by ₹4,000.
The decline comes after a period of unprecedented growth. Over the past 11 months, silver prices had doubled, breaking all previous records and even touching a lifetime high of ₹2.6 lakh per kilogram. This surge had positioned silver as a standout asset, outperforming the traditional favorite, gold, throughout the year.
Silver Rates Across Major Indian Cities
The price of silver varies slightly across different cities due to factors like local taxes and making charges. Here is a detailed look at the silver rates in key Indian metros for December 29:
In financial hubs like Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, the price for 10 grams of silver is ₹2,580. For 100 grams, it is ₹25,800, and for one kilogram, the rate is ₹2,58,000.
However, in southern cities such as Chennai, Hyderabad, and Kerala, the rates are higher. Here, 10 grams of silver costs ₹2,810, translating to ₹28,100 for 100 grams and a significant ₹2,81,000 for a full kilogram.
Understanding the Price Movement and Market Context
The day's dip, though notable, is viewed by many market observers as a minor correction within a larger bullish trend. The broader narrative for silver in 2025 has been overwhelmingly positive, with sustained investor interest and strong industrial demand driving its value upward.
The comparative performance against gold has been a key talking point among analysts. Silver's ability to surge considerably and double in value in less than a year has attracted both new and seasoned investors to the market, looking for assets with high growth potential.
As the year draws to a close, market participants will be closely watching global economic cues, currency fluctuations, and domestic demand trends to gauge the metal's trajectory in the coming weeks. Today's price of ₹258 per gram provides a new reference point for traders and jewelers alike as they navigate the dynamic precious metals market.
