Silver Price Today Hits Record Highs: Check Latest Silver Rates for December 23, 2025
Silver prices in India have surged to fresh peak levels, creating a buzz among investors, traders, and jewellery buyers alike. Over the last two days alone, silver has witnessed a sharp rally, rising by a total of ₹9,000 per kilogram. After gaining ₹5,000 on Monday, silver prices jumped another ₹4,000 on Tuesday, December 23, 2025, pushing rates to historic highs across major cities.
According to the latest market data, silver prices have crossed ₹2.34 lakh per kilogram in some parts of the country, reflecting strong global cues, tightening supply, and rising investment demand.
Silver Prices Surge for Second Consecutive Day
The ongoing rally in silver prices has caught the attention of the bullion market. In Chennai, the price of silver touched ₹2,34,000 per kg, while in Delhi, silver was trading at around ₹2,23,000 per kg. Similar levels were seen in several other metropolitan and tier-2 cities.
Market experts say that silver has been on a strong upward trajectory over the past ten days, supported by a combination of global supply concerns, rising industrial demand, and increased interest from investors looking for alternative safe-haven assets.
Why Are Silver Prices Rising So Rapidly?
There are several factors driving the sharp rise in silver prices:
1. Tight Global Supply
Silver supply remains constrained worldwide, while demand continues to rise steadily. Mining output has not kept pace with growing consumption, creating an imbalance that is pushing prices higher.
2. Strong Investment Demand
Silver is no longer viewed only as a jewellery metal. Investors are increasingly considering it a store of value, similar to gold. In recent weeks, Silver ETFs have seen consistent inflows, indicating growing confidence in the metal as a long-term investment.
3. Expectations of US Interest Rate Cuts
Global bullion prices often move inversely to interest rates. With expectations building around possible interest rate cuts in the United States, precious metals like silver are getting strong support, as lower rates reduce the opportunity cost of holding non-yielding assets.
4. Industrial and Green Energy Demand
Silver plays a crucial role in solar panels, electric vehicles, green energy systems, and advanced technologies. As these sectors expand rapidly, industrial demand for silver has increased significantly, adding further pressure on limited supplies.
5. China Export Concerns
There are growing concerns that China may restrict silver exports after 2026, which has added to fears of future supply shortages. This speculation has further fueled bullish sentiment in the silver market.
Silver Outperforms Gold in 2025
One of the most striking developments this year is silver’s performance compared to gold. While gold prices have risen by around 65% in 2025, silver has delivered a stunning return of over 120% during the same period. This sharp outperformance has made silver one of the best-performing commodities of the year, attracting both retail and institutional investors.
Analysts believe that as long as industrial demand remains strong and global supply stays tight, silver prices are likely to remain elevated in the near term, although short-term volatility cannot be ruled out.
Silver Rates in Major Indian Cities on December 23, 2025
Here is a snapshot of 1 kilogram silver prices across key Indian cities:
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹2,23,000 |
| Mumbai | ₹2,23,000 |
| Ahmedabad | ₹2,23,000 |
| Chennai | ₹2,34,000 |
| Kolkata | ₹2,23,000 |
| Gurugram | ₹2,23,000 |
| Lucknow | ₹2,23,000 |
| Bengaluru | ₹2,23,000 |
| Jaipur | ₹2,23,000 |
| Patna | ₹2,23,000 |
| Bhubaneswar | ₹2,23,000 |
| Hyderabad | ₹2,34,000 |
Note: Prices may vary slightly depending on local taxes, making charges, and market conditions.
What Should Buyers and Investors Do?
With silver trading at record highs, experts advise caution for short-term buyers. Those looking to invest for the long term may consider gradual accumulation, while jewellery buyers should closely track daily price movements before making purchases.
As global economic uncertainty, green energy expansion, and industrial demand continue to support silver, the metal remains firmly in focus. However, given the sharp rally over a short period, investors should stay alert to possible price corrections.
In summary, silver prices on December 23, 2025, have reached unprecedented levels, driven by strong demand and limited supply. Whether you are an investor, trader, or buyer, keeping an eye on market trends will be crucial in the days ahead.
