Silver Prices Decline to ₹132/g on September 17, 2025: Check City-Wise Rates

Silver prices in India eased further on Wednesday, September 17, 2025, with the white metal trading at ₹132 per gram and ₹1,32,000 per kilogram. This marks a fall of ₹2 per gram and ₹2,000 per kilogram compared with the previous day. The movement reflects cautious sentiment in the domestic bullion market as investors tracked international prices and the rupee’s exchange rate against the dollar.

Domestic silver prices continue to closely mirror global benchmarks, while fluctuations in the rupee–dollar exchange rate remain a significant driver. A weaker rupee typically pushes up local silver costs, whereas a stronger rupee helps soften price pressures despite firm international cues.

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Silver Price Today Across Major Cities

• Silver price today in Mumbai – In Mumbai, the silver rate today stands at ₹1,320 per 10g, aligned with the national benchmark.
• Silver price today in Delhi – Silver is quoted at ₹1,320 per 10g, tracking national levels.
• Silver price today in Kolkata – Silver holds steady at ₹1,320 per 10g, consistent with benchmark pricing.
• Silver price today in Bangalore – Silver remains unchanged at ₹1,320 per 10g, in line with national trends.
• Silver price today in Hyderabad – Silver trades higher at ₹1,420 per 10g, reflecting strong local demand.
• Silver price today in Kerala – Silver holds firm at ₹1,420 per 10g, supported by festive buying.
• Silver price today in Chennai – Silver is priced at ₹1,420 per 10g, above the national average.
• Silver price today in Pune – Silver trades at ₹1,320 per 10g, aligned with benchmark levels.
• Silver price today in Vadodara – Silver remains steady at ₹1,320 per 10g, matching national pricing.
• Silver price today in Ahmedabad – Silver is quoted at ₹1,320 per 10g, consistent with national benchmarks.

Recent Silver Price Movements in India

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

• September 17, 2025: ₹1,320 per 10g, ₹13,200 per 100g, ₹1,32,000 per kg (–₹2,000)
• September 16, 2025: ₹1,340 per 10g, ₹13,400 per 100g, ₹1,34,000 per kg (+₹1,000)
• September 15, 2025: ₹1,330 per 10g, ₹13,300 per 100g, ₹1,33,000 per kg (no change)
• September 14, 2025: ₹1,330 per 10g, ₹13,300 per 100g, ₹1,33,000 per kg (no change)
• September 13, 2025: ₹1,330 per 10g, ₹13,300 per 100g, ₹1,33,000 per kg (+₹1,000)

Despite recent fluctuations, silver has remained above the ₹1,270 mark, demonstrating resilience amid global and domestic market pressures.

Outlook

On September 17, 2025, silver prices softened modestly to ₹132 per gram. While the national benchmark eased, key cities such as Chennai, Hyderabad, and Kerala continued to trade at higher levels, reflecting festive-related demand.

Market analysts believe that steady household consumption, industrial demand, and global economic uncertainty will keep silver prices supported in the short term. Rupee fluctuations will also play a crucial role in determining near-term price direction.

Conclusion

Silver prices in India declined slightly on September 17, 2025, to ₹132 per gram and ₹1,32,000 per kilogram, down from the previous day. While the fall reflects short-term market adjustments, regional premiums in Chennai, Hyderabad, and Kerala highlight strong festive interest. Silver continues to remain a dual-purpose asset — both a consumption good and a reliable hedge for investors.