Silver Eases to ₹189/g on December 8: Check City-Wise Prices in India

Silver prices in India eased slightly on December 8, slipping to ₹189 per gram (₹1,89,000 per kg) from ₹190 per gram a day earlier. The move came after a brief uptick on December 7, signalling a period of consolidation following recent volatility. Despite the mild retreat, prices remain comfortably above late-November levels, supported by steady domestic buying and firm industrial demand.

Through the past week, silver has moved within a narrow but active range. After touching ₹191 per gram on December 3 and 4, the metal pulled back to ₹187 per gram on December 5 before recovering to ₹190 per gram on December 7. This pattern reflects a balanced market, where gains are met with occasional profit-taking but overall sentiment stays stable.

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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 8th: ₹189 per gram, ₹1,89,000 per kg (-1000)
• December 7th: ₹190 per gram, ₹1,90,000 per kg (3000)
• 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)

Silver prices in India continued to show a mix of gains and mild pullbacks through the week, shaped by steady domestic interest and shifting global cues. After holding firm at ₹191 per gram on December 3 and 4, the metal marked its recent peak before giving up some ground.

On December 5, silver slipped to ₹187 per gram, reflecting a brief correction. The momentum turned positive again on December 7, with prices edging up to ₹190 per gram, supported by improved sentiment. By December 8, silver eased slightly to ₹189 per gram, signalling a phase of consolidation rather than any sharp reversal. Despite these fluctuations, the overall trend remains steady with demand offering underlying support.

Outlook

Silver’s journey from late November into early December shows a pattern of firm demand and controlled corrections. The rise to ₹191 per gram early in the month, followed by measured pullbacks to ₹187 per gram on December 5 and ₹189 per gram on December 8, suggests that prices are settling into a range. Continued industrial use, jewellery demand, and supportive global cues are likely to keep the market steady in the near term.

Conclusion

As of December 8, silver trades at ₹189 per gram, slightly below the previous session but still at elevated levels compared to November. City-wise, Mumbai, Hyderabad, and Kerala quote the highest rates at ₹1,960 per 10g (₹1,96,000 per kg), while Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad are priced at ₹1,870 per 10g (₹1,87,000 per kg).
Overall, the metal continues to show resilience, with consolidation likely as the market digests the recent swings.