Silver Eases to ₹258/g on December 29: Check City-Wise Prices Across India

Silver prices in India eased on December 29 after a sharp rally in the previous sessions, reflecting mild profit-taking at elevated levels. The metal slipped to ₹258 per gram, or ₹2,58,000 per kg, marking a decline of ₹4,000 per kg from December 27, when prices had surged to recent highs. Despite the pullback, silver continues to trade well above levels seen earlier in the week, signalling consolidation rather than a reversal. 

Over recent sessions, silver has seen strong upward momentum. Prices climbed steadily from ₹223 per gram on December 24 to ₹234 on December 25, before accelerating to ₹240 per gram on December 26. The rally peaked on December 27 at ₹262 per gram (₹2,62,000 per kg), driven by robust industrial demand and supportive global cues, before easing modestly on December 29. 

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai:  ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg
• Silver Price Today in Delhi: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg
• Silver Price Today in Kolkata: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg
• Silver Price Today in Bangalore: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg 
• Silver Price Today in Hyderabad: ₹2,810 per 10g, ₹28,100 per 100g, ₹2,81,000 per kg
• Silver Price Today in Kerala: ₹2,810 per 10g, ₹28,100 per 100g, ₹2,81,000 per kg
• Silver Price Today in Pune: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg
• Silver Price Today in Vadodara: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg
• Silver Price Today in Ahmedabad: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg

Recent Silver Price Movements in India

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

• December 29th: ₹258 per gram, ₹2,58,000 per kg (-4000) 

• December 27th: ₹262 per gram, ₹2,62,000 per kg (22000) 

• December 26th: ₹240 per gram, ₹2,40,000 per kg (6000) 

• December 25th: ₹234 per gram, ₹2,34,000 per kg (1000) 

• December 24th: ₹223 per gram, ₹2,23,000 per kg (0) 

Silver prices in India eased on December 29, correcting from recent highs after a sharp run-up in the previous sessions. Prices declined to ₹258 per gram and ₹2,58,000 per kg, marking a drop of ₹4,000 per kg from December 27 levels. The softening comes after silver touched ₹262 per gram on December 27, reflecting profit-taking at higher levels rather than a reversal in trend. 

The momentum through the week remained strong despite this pullback. Silver had climbed from ₹223 per gram on December 24 to ₹234 on December 25, before jumping to ₹240 per gram on December 26 and peaking at ₹262 per gram on December 27. This sharp ascent underscores robust buying interest and supportive global cues, particularly from industrial demand-linked sectors. 

Despite the latest dip, the broader trend for silver remains firm. Elevated prices through late December highlight sustained domestic demand and favourable global factors, suggesting that the recent easing is a phase of consolidation rather than a sign of weakening sentiment. 

Outlook

Silver’s late-December performance highlights a market transitioning from a sharp upswing into consolidation. The move from ₹223 per gram on December 24 to ₹258 per gram on December 29 underscores strong underlying demand with limited downside pressure. Near-term price action is expected to remain range-bound with a firm bias as markets track global economic signals, industrial demand trends, and currency movements. 

Conclusion

As of December 29, silver trades at ₹258 per gram. City-wise, Hyderabad and Kerala continue to quote higher rates at ₹2,810 per 10g (₹2,81,000 per kg), while Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad remain aligned at ₹2,580 per 10g (₹2,58,000 per kg). Overall, silver remains resilient, with the recent dip seen as a pause after a strong rally rather than a weakening of market sentiment.