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

After a strong rally in recent weeks, silver prices witnessed a noticeable correction on Monday, December 15, 2025. The precious metal saw a sharp decline in several parts of the country, with Delhi recording a drop of up to ₹3,000 per kilogram compared to last Friday. While prices weakened in North India, silver rates in South India remained comparatively higher, highlighting a clear regional price difference.

The fall in silver prices comes amid mild volatility in the bullion market, as investors reassess global cues, profit-booking trends, and movements in gold prices. Here is a detailed look at today’s silver rates, city-wise prices, and the broader trend in gold and silver markets.

Silver Price Today: What Changed on December 15?

On Monday, silver prices eased after showing strong momentum over the past few weeks. In Delhi, the price of silver slipped to ₹1,97,900 per kilogram, marking a decline of around ₹3,000 from last week’s closing levels.

In contrast, Chennai and Hyderabad continued to report higher silver prices at ₹2,09,900 per kilogram, reflecting stronger regional demand and local pricing dynamics. Traditionally, silver prices in southern India tend to stay higher than in northern regions due to factors such as demand patterns, transportation costs, and local taxes.

Market experts say that the recent correction does not necessarily indicate a long-term weakness but rather a short-term pause after a strong upward move.

City-Wise Silver Prices on Monday, December 15, 2025

Here are the latest silver rates across major Indian cities (price per kilogram):

• Delhi: ₹1,97,900

• Mumbai: ₹1,97,900

• Ahmedabad: ₹1,97,900

• Kolkata: ₹1,97,900

• Jaipur: ₹1,97,900

• Lucknow: ₹1,97,900

• Patna: ₹1,97,900

• Bengaluru: ₹1,97,900

• Gurugram: ₹1,97,900

• Bhubaneswar: ₹1,97,900

• Chennai: ₹2,09,900

• Hyderabad: ₹2,09,900

These prices include local levies and may vary slightly depending on jewellers and market conditions.

Gold Prices Also Edge Lower, But Weekly Trend Remains Strong

Along with silver, gold prices also saw a mild decline on the first trading day of the week. In the Delhi bullion market, 24-carat gold slipped to ₹1,34,060 per 10 grams on Monday morning.

Despite the day’s decline, gold has delivered strong gains over the past week:

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

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

In other major cities such as Mumbai, Chennai, Kolkata, Pune, and Bengaluru, 24-carat gold is trading at around ₹1,33,900 per 10 grams, while 22-carat gold stands at ₹1,22,740 per 10 grams.

Global Market Trends Supporting Gold

Internationally, gold prices remain firm, providing support to domestic markets. Spot gold is trading close to $4,338.40 per ounce, backed by global economic uncertainty, geopolitical tensions, and expectations around interest rate movements.

Silver, which has both industrial and investment demand, is reacting to mixed global signals. While industrial demand remains stable, short-term price movements are being influenced by currency fluctuations and profit-taking after recent highs.

Strong Returns for Investors in 2025

Gold has emerged as one of the top-performing assets in the domestic market this year, delivering returns of nearly 65% so far in 2025. Silver has also generated impressive gains, although it remains more volatile compared to gold.

Market analysts believe that precious metals could continue to stay in focus going into 2026. If global uncertainties persist or the rupee weakens further against the US dollar, gold prices could rise by 5% to 16% next year. Silver may also benefit from a combination of safe-haven demand and industrial usage, though short-term fluctuations are expected.

Should Investors Be Concerned About the Silver Price Drop?

Experts suggest that the current dip in silver prices should be viewed as a temporary correction rather than a trend reversal. Long-term investors may see such declines as an opportunity, while short-term traders should remain cautious due to volatility.

Bottom Line

Silver prices fell sharply on Monday, December 15, with North India witnessing a significant drop of up to ₹3,000 per kg. However, prices in South India remained elevated, underlining regional differences in the bullion market. While short-term fluctuations continue, the long-term outlook for precious metals remains positive, supported by global factors and strong investor demand.

Note: Bullion prices vary by city and jeweller. Investors are advised to check local rates before making any purchase or investment decision.