Silver prices in India witnessed a significant upswing on Thursday, December 18, 2025, continuing a period of sharp volatility. The precious metal extended its gains from the previous session, reflecting robust investor interest and firm market sentiment.
Sharp Rally in Silver Prices
On December 18, the price of silver registered a clear uptick across the country. The rate for standard silver settled at ₹211 per gram, marking an increase of ₹3 compared to the previous day's closing. On a bulk basis, the price climbed to ₹2,11,000 per kilogram, a rise of ₹3,000.
This rally is part of a broader bullish trend where silver has notably outperformed gold over recent months. In fact, the white metal has seen its value double over the past eleven months, a remarkable surge largely fueled by rising demand from investors pouring money into Silver Exchange-Traded Funds (ETFs).
City-Wise Silver Rates in India
The price of silver varies slightly across major Indian cities due to factors like local taxes and making charges. Here is a snapshot of the rates for 10 grams in key markets on December 18, 2025:
- Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, Ahmedabad: ₹2,110
- Chennai, Hyderabad, Kerala: ₹2,240
This indicates that buyers in southern cities like Chennai and Hyderabad paid a premium compared to their counterparts in financial hubs like Mumbai and Delhi.
Drivers Behind the Surge
The current strength in silver prices is attributed to a powerful combination of investment and industrial demand. On one hand, investors are increasingly viewing silver as a strategic hedge against economic uncertainty, channeling funds into silver-backed financial instruments.
On the other hand, industrial demand remains a key pillar of support. Companies across sectors, from electronics to solar panels, continue to procure silver for its critical applications in manufacturing. This dual demand—both as a financial asset and an industrial commodity—provides a solid foundation for its price momentum.
The recent price action underscores silver's volatile yet promising nature in the commodities market. While gold often grabs headlines, silver's impressive rally and its fundamental role in both finance and industry make it a metal to watch closely for investors and traders alike.
