Silver Holds at ₹240/g on December 31: Check City-Wise Prices Across India

Silver prices in India stabilised on December 31, pausing after the sharp correction seen a day earlier. After easing to ₹258 per gram on December 29, the metal had fallen sharply to ₹240 per gram (₹2,40,000 per kg) on December 30, marking a steep ₹18,000 per kg decline from the previous session. Prices, however, held steady on December 31, indicating that the immediate selling pressure may be easing. The move continues to reflect profit booking after last week’s strong rally, rather than a shift in the broader trend. 

In the preceding sessions, silver had built strong upside momentum. Prices climbed from ₹240 per gram on December 26 to a late-December peak of ₹262 per gram (₹2,62,000 per kg) on December 27, supported by robust industrial demand and favourable global cues. The subsequent pullback toward month-end has been sharp but orderly, with prices still holding above earlier-week levels—reinforcing the view that the decline represents consolidation after a rally, not a reversal in sentiment. 

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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 31st: ₹240 per gram, ₹2,40,000 per kg (0)  
• 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) 

Silver prices in India stabilised on December 31, holding steady after the sharp correction seen a day earlier. Rates remained unchanged at ₹240 per gram and ₹2,40,000 per kg, following the steep ₹18,000 per kg decline on December 30 from December 29 levels. The pullback had begun earlier, with prices easing to ₹258 per gram on December 29 from the recent peak of ₹262 on December 27, pointing to aggressive profit booking after a rapid rally rather than a structural shift in trend. 

The preceding momentum had been strong. Silver climbed from ₹240 per gram on December 26 to ₹262 on December 27, supported by robust buying interest and favourable global cues. This sharp rise reflected strong participation, particularly from segments linked to industrial demand, which helped push prices to multi-day highs. 

Despite the late-month correction, the broader trend for silver remains firm. Prices continue to hold above levels seen earlier in the week, suggesting the recent decline is more of a consolidation phase after a sharp rally. Stable prices on December 31 indicate selling pressure may be easing, even as near-term volatility persists amid cautious market sentiment. 

Outlook

Silver’s late-December performance points to a transition from a sharp rally into a corrective consolidation phase. Prices surged to ₹262 per gram on December 27, eased to ₹258 on December 29, and dropped to ₹240 on December 30, before stabilising at the same level on December 31. While the magnitude of the pullback reflects aggressive profit booking, the ability to hold steady suggests underlying demand remains intact. Near-term action is likely to stay volatile but range-bound, with markets tracking global cues, industrial demand trends, and currency movements. 

Conclusion

As of December 31, silver trades at ₹240 per gram (₹2,40,000 per kg) at the national level. City-wise, Hyderabad and Kerala continue to quote higher rates at ₹2,580 per 10g (₹2,58,000 per kg), while Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad remain aligned at ₹2,400 per 10g (₹2,40,000 per kg). Despite the sharp late-month correction, silver prices appear to be stabilising, with the recent decline viewed as consolidation following a strong rally rather than a deterioration in market sentiment.