Silver Prices Slip to ₹115/g on August 12: Latest City Rates Overview

Silver prices across India fell slightly on Tuesday, August 12, 2025, with the per-gram rate declining by ₹2 to ₹115 and the per-kilogram price dropping by ₹2,000 to ₹1,15,000. This minor correction follows a recent period of price stability in the bullion market, signalling a modest adjustment phase. Southern cities such as Chennai, Hyderabad, and Kerala continue to trade at higher rates compared to the national average, reflecting stronger local demand and cultural preferences.

International market trends and the exchange rate of the Indian rupee against the US dollar primarily influence domestic silver prices in India. Even when global prices remain steady, a depreciation of the rupee tends to increase silver’s cost for Indian buyers, highlighting the impact of currency fluctuations on price movements.

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Silver Price Today Across Major Cities

• Silver price today in Mumbai: In Mumbai, silver rate today stands at ₹115 per gram, consistent with the national average.
• Silver price in Delhi: Matches Mumbai with a rate of ₹115 per gram.
• Silver price in Bangalore: Also aligns at ₹115 per gram.
• Silver price in Chennai: Trades at a premium of ₹125 per gram.
• Silver price in Hyderabad: Maintains the higher rate of ₹125 per gram.
• Silver price in Kerala: Matches other southern metros at ₹125 per gram.
• Silver price in Pune: In line with the national average at ₹115 per gram.
• Silver price in Vadodara: Priced at ₹115 per gram, mirroring other major centres.
• Silver price in Ahmedabad: Also at ₹115 per gram.

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

• August 11, 2025: ₹117/g – No change
• August 10, 2025: ₹117/g – No change
• August 9, 2025: ₹117/g – No change
• August 8, 2025: ₹117/g – No change
• August 7, 2025: ₹117/g – No change

Prices have remained flat over the past several sessions, indicating a phase of market stability with minimal volatility.

Conclusion

As of August 12, 2025, silver prices in India have dipped slightly but remain broadly steady after a period of stability. The premium in southern cities underscores regional demand variations, while the overall national rate continues to be shaped by global market movements and the rupee’s exchange rate against the US dollar. Looking ahead, international economic conditions and currency trends are expected to remain key factors influencing silver prices.