As the year draws to a close, the silver market in India has taken a breather after a period of remarkable growth. On Tuesday, December 31, the price of the precious metal held firm, showing no significant movement from the previous day's levels. This stability follows a minor downward correction witnessed on Monday, December 30.
Silver Price Holds Ground on Year-End Day
The closing day of the year saw silver prices consolidate at elevated levels. The national benchmark for 1 kilogram of silver stood at ₹2,40,000. Consequently, for smaller quantities, 100 grams of silver was priced at ₹24,000, and the rate for a single gram remained at ₹240. This price freeze across all standard weight denominations indicates a market in equilibrium, with buyers and sellers finding common ground after silver's historic rally throughout the year.
Detailed Price Table for December 31
The day's rates for various popular weights, as per data from Good Returns, are summarized below. The 'Change' column clearly reflects the stagnant market, with a flat zero against all weights.
Silver Price per gram/kg in India (INR) on December 31:
- 1 gram: ₹240 (Yesterday: ₹240) | Change: 0
- 8 grams: ₹1,920 (Yesterday: ₹1,920) | Change: 0
- 10 grams: ₹2,400 (Yesterday: ₹2,400) | Change: 0
- 100 grams: ₹24,000 (Yesterday: ₹24,000) | Change: 0
- 1 kilogram (1000 g): ₹2,40,000 (Yesterday: ₹2,40,000) | Change: 0
City-Wise Silver Rate Breakdown Across India
While the base price was stable, a clear regional variation was evident in the final retail rates across major Indian cities. The prices include making charges and local taxes, leading to differences.
Silver Price Today in Major Indian Cities (for 10 g, 100 g, and 1 kg):
- Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, Ahmedabad: ₹2,400 | ₹24,000 | ₹2,40,000
- Chennai, Hyderabad, Kerala: ₹2,580 | ₹25,800 | ₹2,58,000
Context: A Record-Breaking Year for Silver
The current stability belies an extraordinarily bullish year for silver. While gold captured significant attention in 2025, silver outperformed the yellow metal, registering substantial gains over the last twelve months. The rally was particularly sharp, with prices effectively doubling in the past eleven months alone. This relentless ascent pushed the silver rate in India to a lifetime high of ₹2.6 lakh per kilogram, shattering all previous records. Today's steady rate of ₹2.4 lakh/kg, while off the peak, still represents a historically high valuation for the metal, underscoring its strong performance throughout the year.
Investors and consumers are now watching to see if this consolidation phase continues into the new year or if the underlying bullish momentum will propel silver prices toward new highs once again. The current city-wise list provides a crucial snapshot for anyone looking to buy or sell silver as the calendar turns.
