Silver Price Today: Silver Hits Fresh All-Time High on December 24, Prices Surge Sharply Across Major Cities

Silver prices in India have reached a new all-time high on December 24, 2025, continuing their strong upward momentum. Over the past three days alone, silver has witnessed a massive jump of nearly ₹19,000 per kilogram, highlighting the growing bullish sentiment in the precious metals market. On Wednesday, silver prices surged by ₹10,000 in a single day, taking rates in the national capital Delhi to ₹2,33,000 per kg.

The sharp rise in silver prices has drawn the attention of investors, traders, and consumers alike, as the white metal continues to outperform gold in terms of annual returns.

Silver Prices Today in Major Indian Cities (December 24, 2025)

As per the latest market data, silver prices across key cities stood at the following levels:

• Delhi: ₹2,33,000 per kg

• Mumbai: ₹2,33,000 per kg

• Ahmedabad: ₹2,33,000 per kg

• Chennai: ₹2,44,000 per kg

• Kolkata: ₹2,33,000 per kg

• Gurugram: ₹2,33,000 per kg

• Lucknow: ₹2,33,000 per kg

• Bengaluru: ₹2,33,000 per kg

• Jaipur: ₹2,33,000 per kg

• Patna: ₹2,23,000 per kg

• Bhubaneswar: ₹2,33,000 per kg

• Hyderabad: ₹2,44,000 per kg

Southern cities such as Chennai and Hyderabad continue to quote silver at a premium compared to other regions, largely due to higher local demand and logistics costs.

Why Are Silver Prices Rising So Rapidly?

Silver prices have been on a steep upward trajectory for nearly the last 10 days, and multiple global and domestic factors are driving this surge.

One of the biggest reasons is the gap between rising demand and limited supply. The availability of silver in the market has not kept pace with the increasing demand, creating upward pressure on prices. Earlier, silver was largely viewed as a metal used for jewellery and utensils, but this perception has changed significantly.

Today, investors are increasingly treating silver as a safe-haven and investment asset, similar to gold. This shift has led to a steady inflow of funds into Silver Exchange-Traded Funds (ETFs), further boosting demand.

Global Factors Supporting Silver Prices

Several international developments are also supporting silver’s rally:

• Expectation of interest rate cuts in the United States, which generally weakens the dollar and supports commodity prices

• Concerns over China potentially restricting silver exports after 2026, which could tighten global supply

• Ongoing geopolitical uncertainties, prompting investors to move towards precious metals

These global cues have strengthened silver prices not just in India but across international markets.

Silver Outperforms Gold in 2025

In terms of returns, silver has clearly outperformed gold in 2025. While gold prices have risen by approximately 65 percent this year, silver has recorded a remarkable gain of over 120 percent during the same period.

The primary reason behind this strong performance is silver’s dual role — it functions both as a precious metal and as an industrial metal.

Industrial Demand Adds Strength

Silver demand is growing rapidly in sectors such as:

• Solar panels and renewable energy projects

• Green energy technologies

• Electric vehicles and advanced electronics

• New-age and high-tech manufacturing industries

As countries across the world push towards clean energy and technological innovation, the demand for silver continues to expand. However, supply remains constrained, making price corrections unlikely in the near term.

What Should Investors Do?

Market experts believe that as long as demand remains strong and supply stays limited, silver prices are likely to remain at elevated levels. However, due to sharp volatility, investors are advised to take a long-term and cautious approach, especially at record-high prices.

Those looking to invest should consider diversified options such as Silver ETFs rather than physical purchases, depending on their risk appetite and investment horizon.

Bottom Line

Silver has touched a new peak on December 24, 2025, with prices soaring sharply across India. Strong investment demand, industrial usage, global economic cues, and limited supply are key factors driving the rally. With silver outperforming gold this year, the white metal continues to shine as one of the top-performing assets of 2025.