Silver Price Today: Strong Rally Continues on December 26, Prices Jump Over ₹20,000 in Five Days

Silver prices in India continued their impressive upward run on Friday, December 26, extending the sharp rally seen over the past several sessions. The precious metal opened higher once again, gaining ₹100 per kilogram compared to the previous day. Over the last five trading days, silver prices have surged by more than ₹20,000 per kg, highlighting exceptionally strong momentum in the bullion market.

As of today, silver is trading at ₹2,34,100 per kilogram in Delhi, while prices in Chennai have climbed to ₹2,45,100 per kilogram, reflecting regional variations driven by local taxes and demand conditions.

Silver Prices Surge Across Major Cities

The steady rise in silver prices is visible across all major Indian markets. Here are the latest silver rates recorded on December 26, 2025:

• Delhi: ₹2,34,100 per kg

• Mumbai: ₹2,34,100 per kg

• Ahmedabad: ₹2,34,100 per kg

• Kolkata: ₹2,34,100 per kg

• Gurugram: ₹2,34,100 per kg

• Lucknow: ₹2,34,100 per kg

• Bengaluru: ₹2,34,100 per kg

• Jaipur: ₹2,34,100 per kg

• Patna: ₹2,34,100 per kg

• Bhubaneswar: ₹2,34,100 per kg

• Hyderabad: ₹2,44,100 per kg

• Chennai: ₹2,45,100 per kg

The difference in prices across cities is mainly due to transportation costs, state-level taxes, and local bullion demand.

What Is Driving the Sharp Rise in Silver Prices?

Market experts point out several key factors behind the continued surge in silver prices:

1. Supply Constraints

Silver availability in the market has tightened significantly. Limited supply, combined with steady consumption, has created a strong imbalance that is pushing prices higher.

2. Rising Investment Demand

Silver is no longer seen only as a jewellery metal. Increasingly, investors are treating it as a safe-haven asset. Investment inflows into Silver Exchange-Traded Funds (ETFs) have risen sharply, strengthening demand further.

3. Global Economic Factors

Expectations of interest rate cuts in the United States have supported precious metals globally. Lower interest rates typically reduce the opportunity cost of holding non-yielding assets like silver, making them more attractive to investors.

4. Export Restrictions Concerns

There are growing concerns that China may impose restrictions on silver exports after 2026, which could tighten global supply. This possibility has already been factored into market prices, pushing silver higher.

Silver Outperforms Gold in 2025

In terms of returns, silver has clearly outshined gold this year. While gold has risen by around 65 percent in 2025, silver prices have surged by more than 120 percent, making it one of the best-performing commodities of the year.

The metal’s dual role as both a precious and industrial metal has worked strongly in its favor. Demand from emerging sectors has added a powerful structural push to prices.

Industrial Demand Adds Long-Term Strength

Silver demand has increased rapidly from industries linked to:

• Solar panels

• Green energy solutions

• Electric vehicles

• Advanced electronics and new-age technologies

As the world accelerates its shift toward renewable energy and clean technology, silver consumption is expected to remain high. When rising industrial demand meets limited supply, prices tend to stay elevated for longer periods—exactly what the market is witnessing now.

Outlook: Will Silver Prices Remain High?

Analysts believe silver prices could remain volatile in the short term due to profit booking, but the overall trend continues to look bullish. Strong industrial demand, growing investor interest, and global economic uncertainty are likely to keep silver prices supported.

For investors, silver is increasingly being seen as both a hedge against inflation and a long-term growth asset. However, experts advise caution and proper diversification, as precious metals can experience sharp price swings.

Conclusion

Silver has entered a strong bullish phase, with prices rising consistently over the past several days. With demand outpacing supply and global factors remaining supportive, silver continues to attract both retail and institutional investors. As of December 26, the metal remains firmly positioned at elevated levels across Indian markets.

Disclaimer: Silver prices are indicative and may vary based on location, taxes, and market conditions. Investors should consult certified financial advisors before making investment decisions.