Silver Prices Drop Sharply on December 15: Check Today’s Silver Rates Across Major Indian Cities

Silver prices witnessed a notable correction on Monday, December 15, 2025, bringing an end to the recent bullish momentum in the precious metal. After weeks of steady gains, silver rates fell sharply in key northern markets, offering some relief to buyers while disappointing short-term investors. The decline has been most visible in Delhi and several other cities in North India, while prices in South India remained comparatively higher and largely stable.

Silver Price Today: What Changed on December 15?

According to market data, silver prices in Delhi dropped by up to ₹3,000 per kilogram compared to last Friday. The price of silver in the national capital slipped to ₹1,97,900 per kg, reflecting a clear cooling-off after the recent rally.

In contrast, Chennai and Hyderabad reported no major change, with silver continuing to trade at a significantly higher level of ₹2,09,900 per kg. This price gap highlights the consistent regional variation in silver rates, where southern markets usually quote higher prices than northern cities due to local demand patterns, taxes, and logistics costs.

Overall, the price movement suggests that silver is currently going through a short-term consolidation phase, rather than a long-term trend reversal.

Silver Rates on Monday, December 15, 2025 (City-wise)

Here is a snapshot of silver prices across major Indian cities (per kilogram):

• Delhi: ₹1,97,900

• Mumbai: ₹1,97,900

• Ahmedabad: ₹1,97,900

• Kolkata: ₹1,97,900

• Gurugram: ₹1,97,900

• Lucknow: ₹1,97,900

• Jaipur: ₹1,97,900

• Patna: ₹1,97,900

• Bengaluru: ₹1,97,900

• Bhubaneswar: ₹1,97,900

• Chennai: ₹2,09,900

• Hyderabad: ₹2,09,900

This data clearly shows that silver is around ₹12,000 per kg costlier in South India compared to most northern and western cities.

What About Gold Prices Today?

While silver corrected sharply, gold prices showed only a mild dip on the first trading day of the week. In the Delhi bullion market, 24-carat gold slipped slightly to ₹1,34,060 per 10 grams on December 15.

Despite the daily decline, gold has remained strong on a weekly basis. Over the past one week:

• 24-carat gold has risen by around ₹3,770 per 10 grams

• 22-carat gold has gained nearly ₹3,450 per 10 grams

In cities like Mumbai, Chennai, Kolkata, Pune, and Bengaluru, 24-carat gold is trading at around ₹1,33,900 per 10 grams, while 22-carat gold is priced near ₹1,22,740 per 10 grams.

Global Trends and Outlook for Gold and Silver

Internationally, gold continues to trade with a firm bias. Spot gold is hovering around $4,338.40 per ounce, supported by global economic uncertainty and currency movements. Analysts believe that if global conditions remain volatile or if the Indian rupee weakens further against the US dollar, gold prices could rise by 5% to 16% in 2026.

Silver, which has both investment and industrial demand, tends to be more volatile than gold. Experts say the current dip may be a temporary correction after sharp gains, rather than a signal of sustained weakness.

What Should Investors Do Now?

For long-term investors, occasional corrections in silver prices can offer attractive entry opportunities. However, due to silver’s high volatility, it is better suited for investors with a higher risk appetite or those looking to diversify their precious metal exposure alongside gold.

For short-term traders, price movements over the next few sessions will be crucial to determine whether silver stabilizes or sees further downside.

Bottom Line

On December 15, 2025, silver prices have taken a noticeable hit, especially in North India, with rates falling by up to ₹3,000 per kg. While South Indian markets remain relatively stable and expensive, the broader trend points to short-term consolidation. Meanwhile, gold continues to show resilience, reinforcing its status as a preferred safe-haven asset. As always, investors should track both domestic and global cues before making buying or selling decisions.