Silver Slips to ₹187/g on December 5: Check City-Wise Prices in India

Silver prices in India edged lower on December 5, declining to ₹187 per gram (₹1,87,000 per kg) from ₹191 per gram in the previous session. After several sessions of gains, the market showed signs of consolidation, as domestic demand remained steady but cautious profit-booking emerged. Despite the dip, prices continue to trade well above late-November levels, maintaining an overall firm tone.

Through the past week, silver has displayed consistent movement driven by physical demand and market sentiment. From ₹176 per gram on November 28, the metal rose to ₹185 per gram on November 29. Prices then climbed to ₹188 per gram on December 1 and 2, before peaking at ₹191 per gram on December 3 and 4. The rise reflected strong domestic buying, steady industrial consumption, and a generally supportive market environment.

On December 5, silver corrected to ₹187 per gram, suggesting a short-term pullback rather than a reversal. The market continues to consolidate near elevated levels, indicating that demand from retail and industrial buyers is still intact. This minor decline follows an extended upward movement over the past week and reflects normal market adjustments after recent highs.

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹1,960 per 10g, ₹19,600 per 100g, ₹1,96,000 per kg
• Silver Price Today in Delhi: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 per kg
• Silver Price Today in Kolkata: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 per kg
• Silver Price Today in Bangalore: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 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: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 per kg
• Silver Price Today in Vadodara: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 per kg
• Silver Price Today in Ahmedabad: ₹1,870 per 10g, ₹18,700 per 100g, ₹1,87,000 per kg

Recent Silver Price Movements in India

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

• December 5th: ₹187 per gram, ₹1,87,000 per kg (-4000)
• December 4th: ₹191 per gram, ₹1,91,000 per kg (0)
• December 3rd: ₹191 per gram, ₹1,91,000 per kg (3000)
• December 2nd: ₹188 per gram, ₹1,88,000 per kg (0)
• December 1st: ₹188 per gram, ₹1,88,000 per kg (3000)

Silver prices in India continued to show steady day-to-day movement through the week, supported by domestic demand and broader market cues. After climbing to ₹176 per gram on November 28, the metal rose to ₹185 per gram on November 29. The momentum carried into December, with prices reaching ₹188 per gram on December 1 and holding at the same level on December 2, suggesting firm demand at the start of the month.

On December 3 and 4, silver moved higher again, touching ₹191 per gram, marking recent highs. On December 5, however, the metal eased to ₹187 per gram, indicating a mild correction while maintaining an overall steady trend.

Outlook

Silver prices have moved from ₹176 per gram on November 28 to ₹191 per gram by December 4, before slipping to ₹187 per gram on December 5. The short-term correction is natural after strong gains. Steady domestic demand, ongoing industrial use, and festive buying are likely to keep prices supported. The market may remain range-bound in the near term, with fluctuations reflecting local buying patterns.

Conclusion

Silver trades at ₹187 per gram on December 5, slightly lower than previous sessions but significantly above late-November benchmarks. City-wise, Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad quote ₹1,870 per 10g (₹1,87,000 per kg), while Hyderabad and Kerala remain higher at ₹1,960 per 10g (₹1,96,000 per kg). Overall, the market continues to show resilience, with a phase of consolidation likely after recent gains.