Silver Steady at ₹188/g on December 2: Check City-Wise Prices in India

Silver prices in India held firm through the week, maintaining their recent strength and reaching ₹188 per gram (₹1,88,000 per kg) on both December 1 and December 2. This stability comes after a strong rally from ₹185 per gram on November 29, following earlier gains to ₹176 on November 28 and ₹173 on November 27. The consistent upward movement highlights steady domestic demand and supportive market sentiment.

Across major cities, silver prices continued to show a clear regional pattern. In Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, the metal is priced at ₹1,880 per 10g (₹1,88,000 per kg). In contrast, Hyderabad and Kerala posted slightly higher rates at ₹1,960 per 10g (₹1,96,000 per kg), reflecting stronger local buying activity.

The overall trend through the week remained distinctly positive. After touching ₹173 per gram on November 27, silver gained momentum on November 28 with a rise to ₹176, followed by a sharp increase to ₹185 on November 29. The price then climbed to ₹188 per gram on December 1 and held steady at the same level on December 2, underscoring firm support from physical demand and improving sentiment in key bullion markets.

Industrial consumption, particularly from electronics, solar components, and jewellery, continued to provide a stable base for domestic pricing. Even in the absence of major global triggers, sustained retail and institutional demand helped maintain the bullish tone.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Delhi: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Kolkata: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Bangalore: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Hyderabad: ₹1,960 per 10g, ₹19,600 per 100g, ₹1,96,000 per kg
• Silver Price Today in Kerala: ₹1,960 per 10g, ₹19,600 per 100g, ₹1,96,000 per kg
• Silver Price Today in Pune: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Vadodara: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg
• Silver Price Today in Ahmedabad: ₹1,880 per 10g, ₹18,800 per 100g, ₹1,88,000 per kg

Recent Silver Price Movements in India

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

• December 2nd: ₹188 per gram, ₹1,88,000 per kg (0)
• December 1st: ₹188 per gram, ₹1,88,000 per kg (3000)
• November 29th: ₹185 per gram, ₹1,85,000 per kg (9000)
• November 28th: ₹176 per gram, ₹1,76,000 per kg (3000)
• November 27nd: ₹173 per gram, ₹1,73,000 per kg (4000)

Silver prices in India continued to display sharp swings through the week, reflecting active demand and broader market cues. After starting with ₹173 per gram on November 27, the metal gained further traction on November 28, moving up to ₹176 per gram. The upward trend strengthened on November 29 as prices advanced to ₹185 per gram, followed by another rise on December 1 when silver hit ₹188 per gram. The momentum held steady into December 2, with prices remaining at ₹188 per gram, indicating firm buyer interest as the new month progressed.

Outlook

Silver prices in India have shown a steady upward progression from ₹173 per gram on November 27 to ₹188 per gram by December 2. With the metal trading near the upper end of its recent ₹173–₹188 range, sentiment remains optimistic. Ongoing industrial needs, seasonal buying, and supportive global cues may continue to lend strength in the near term.

Conclusion

Silver stands at ₹188 per gram as of December 2, reflecting a solid rise from previous sessions. With consistent buying interest from both retail and industrial segments, the market retains a bullish bias and may see further upside if global precious metal cues remain favourable.