Silver Slides to ₹240/g on December 30: 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: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Delhi: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Kolkata: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Bangalore: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Hyderabad: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg 
• Silver Price Today in Kerala: ₹2,580 per 10g, ₹25,800 per 100g, ₹2,58,000 per kg 
• Silver Price Today in Pune: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Vadodara: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 
• Silver Price Today in Ahmedabad: ₹2,400 per 10g, ₹24,000 per 100g, ₹2,40,000 per kg 

Recent Silver Price Movements in India

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

• December 30th: ₹240 per gram, ₹2,40,000 per kg (-18000) 
• 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) 

Silver prices in India extended their correction on December 30, retreating sharply after last week’s rally. Rates slipped to ₹240 per gram and ₹2,40,000 per kg, marking a steep ₹18,000 per kg decline from December 29 levels. This followed a milder pullback on December 29, when prices eased to ₹258 per gram from the recent peak of ₹262 on December 27, indicating aggressive profit booking at elevated levels rather than a structural shift in trend. 

The preceding momentum had been strong. Silver climbed from ₹234 per gram on December 25 to ₹240 on December 26, before surging to ₹262 per gram on December 27, driven by robust buying interest and supportive global cues. The rapid rise highlighted strong participation, particularly from industrial-demand-linked segments.  

Despite the sharp late-month correction, the broader trend for silver remains firm. Prices continue to hold well above early-week levels, suggesting the recent decline represents consolidation after a sharp rally. Sustained domestic demand and favourable global factors are likely to keep sentiment resilient, even as near-term volatility persists. 

Outlook

Silver’s late-December performance points to a clear shift from a sharp rally into a corrective consolidation phase. Prices surged from ₹234 per gram on December 25 to a peak of ₹262 on December 27, before easing to ₹258 on December 29 and dropping more sharply to ₹240 per gram on December 30. While the magnitude of the pullback reflects profit booking after the rapid rise, prices continue to hold above mid-week levels, suggesting underlying demand remains intact. Near-term action is likely to stay volatile but range-bound, as markets track global cues, industrial demand trends, and currency movements. 

Conclusion

As of December 30, silver trades at ₹240 per gram (₹2,40,000 per kg). City-wise, Hyderabad and Kerala quote higher rates at ₹2,580 per 10g (₹2,58,000 per kg), while Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad are aligned at ₹2,400 per 10g (₹2,40,000 per kg). Despite the sharp late-month correction, silver remains resilient overall, with the recent decline viewed as consolidation after a strong rally rather than a deterioration in market sentiment.