Silver Rate Today: Silver Prices Decline on Friday, December 19; Check Latest Rates Across Major Cities

Silver Price Today — Silver prices in India witnessed a noticeable decline on Friday, December 19, 2025, after trading close to record-high levels in the previous session. The correction comes amid profit booking, even as the long-term outlook for silver remains strong due to robust investment and industrial demand. According to the latest market data, silver became cheaper by ₹3,000 per kilogram compared to Thursday’s levels.

In Chennai, the price of silver stood at ₹2,21,000 per kilogram, while in Delhi, Mumbai, Ahmedabad, and several other major cities, silver was priced at ₹2,09,000 per kilogram. Despite today’s dip, silver prices continue to trade at elevated levels, reflecting strong global fundamentals.

Silver Prices Fall After Near-Record Levels

On Thursday, silver was trading close to its all-time high, driven by sustained buying interest. However, on Friday, prices corrected slightly as investors booked profits at higher levels. Market participants say such short-term fluctuations are common after a sharp rally, especially in commodities that have delivered exceptional returns over the past year.

Compared to the previous trading day, silver prices declined by around ₹3,000 per kilogram across most Indian markets. This marginal fall has offered some relief to buyers, particularly jewellers and industrial users, who have been facing elevated input costs.

What Is Driving Silver Prices Globally?

Experts believe that the broader trend for silver remains positive, supported by multiple global factors. One of the key reasons behind silver’s strength is the tight physical supply in the international market. While availability remains limited, demand from both investors and industries continues to rise steadily.

Silver has also gained popularity as a safe-haven asset, especially during periods of economic uncertainty. Investment demand has surged, with silver exchange-traded funds (ETFs) witnessing consistent inflows in recent months. This steady investor interest has played a major role in keeping prices at higher levels.

Additionally, expectations of future interest rate cuts by the US Federal Reserve have provided further support to precious metals, including silver. Lower interest rates typically make non-yielding assets like silver more attractive, boosting demand.

Another major factor influencing prices is supply-related concerns. Reports suggesting that China may impose restrictions on silver exports from 2026 onwards have increased anxiety over future availability. These fears have already been factored into prices, contributing to the sharp rally seen earlier.

Silver Outperforms Gold in Recent Years

One of the most striking trends in the precious metals market is silver’s outperformance compared to gold. While gold prices have risen by nearly 65% in 2025, silver has delivered returns of over 120% during the same period. This impressive performance has drawn the attention of both retail and institutional investors.

Experts point out that silver’s strength is not limited to investment demand alone. Its extensive industrial usage has significantly boosted consumption. The growing focus on green energy has increased silver demand, particularly in sectors such as solar power, electric vehicles, and electronics.

Silver is a critical component in solar panels, and with global efforts to expand renewable energy capacity, its industrial demand is expected to remain strong. Persistent supply deficits combined with rising consumption have helped silver sustain higher price levels.

Silver Prices on Friday, December 19, 2025

Here are the latest silver rates per kilogram in major Indian cities:

• Delhi: ₹2,09,000

• Mumbai: ₹2,09,000

• Ahmedabad: ₹2,09,000

• Chennai: ₹2,21,000

• Kolkata: ₹2,09,000

• Gurugram: ₹2,09,000

• Lucknow: ₹2,09,000

• Bengaluru: ₹2,09,000

• Jaipur: ₹2,09,000

• Patna: ₹2,09,000

• Bhubaneswar: ₹2,09,000

• Hyderabad: ₹2,21,000

Prices may vary slightly depending on local taxes, transportation costs, and dealer margins.

Outlook for Silver Prices

Market analysts suggest that while short-term corrections like today’s dip are possible, the overall outlook for silver remains bullish. Strong industrial demand, rising investment interest, limited global supply, and supportive monetary policy expectations continue to work in favor of the metal.

For investors, experts advise tracking global cues, especially developments related to interest rates, industrial demand, and supply-side policies. As silver continues to play a dual role as both an investment asset and an industrial metal, its price movements are expected to remain dynamic in the coming months.