Silver Prices Dip on December 8: Check Latest Rates Across Major Indian Cities
Silver Price Update: On Monday, December 8, 2025, silver prices registered a noticeable decline across the country. The precious metal, which has been trading near its peak levels for weeks, finally saw a correction as rates dropped by ₹1,000 per kilogram. In Delhi, the price of one kilogram of silver is currently hovering around ₹1,89,000, marking a dip compared to last week’s highs. Meanwhile, Chennai continues to record the highest silver prices among major metros at ₹1,98,000 per kilogram.
Silver Price Today: Market Sees a Mild Correction
Silver, often considered a safe investment asset, has been on an upward trajectory due to rising global demand and limited supply. However, the start of this week brought some relief for buyers and investors as silver prices declined slightly. Although the fall is modest, the metal remains significantly more expensive compared to earlier months.
According to the latest market data, most cities including Delhi, Mumbai, Kolkata, Lucknow, Bengaluru, and Jaipur are witnessing uniform pricing at ₹1,89,000 per kilogram. On the other hand, Chennai and Hyderabad are trading higher at ₹1,98,000 per kilogram, reflecting regional variations in demand and supply.
Why Are Silver Prices Rising Despite the Drop?
Even with today’s decline, silver prices continue to stay elevated due to several driving factors. Silver has become increasingly essential across multiple industries — from jewelry manufacturing to electronics, mobile components, batteries, and solar panels. As the world accelerates its shift toward renewable energy, the demand for silver in solar technologies has surged dramatically.
However, supply has not kept pace. Limited global production coupled with higher industrial consumption has caused a sustained upward push in prices. Adding to this trend is speculation in international markets that the U.S. Federal Reserve may soon cut interest rates. When rate-cut expectations rise, investors tend to shift their money toward safer commodities like gold and silver, causing additional price pressure.
This combination of high demand, tight supply, and favorable investment sentiment has kept silver prices close to record highs. The ₹1,000 correction today offers only a brief respite amid an otherwise strong market trend.
City-wise Silver Prices on December 8, 2025
Here are the latest silver prices across major Indian cities:
| City | Price of 1 kg Silver (₹) |
|---|---|
| Delhi | 1,89,000 |
| Mumbai | 1,89,000 |
| Ahmedabad | 1,89,000 |
| Chennai | 1,98,000 |
| Kolkata | 1,89,000 |
| Gurugram | 1,89,000 |
| Lucknow | 1,89,000 |
| Bengaluru | 1,89,000 |
| Jaipur | 1,89,000 |
| Patna | 1,89,000 |
| Bhubaneswar | 1,89,000 |
| Hyderabad | 1,98,000 |
Outlook: Will Silver Become Cheaper Ahead?
Analysts suggest that silver may remain volatile in the short term, influenced by global monetary policy decisions and industrial demand. If the Federal Reserve confirms a rate cut, prices may rise again. At the same time, the push for green energy solutions is expected to keep long-term demand strong.
For now, today’s minor price dip provides a small window of opportunity for buyers, especially those planning long-term investments or looking to purchase silver jewelry or bullion.
