Silver Rate In India Falls From Peak On Dec-29, But Still Up 185% YTD; Rs 1 Lakh Turns To Rs 3,66,990 In 3Yrs

Silver rates in India have pulled back from their record high levels on December 29, registering their first decline in ten days. 1Kg silver plunged by Rs 4,000 on Monday, from its fresh peak of Rs 2.62 lakh that was recorded last week. Despite the latest fall, silver gives multi-bagging returns in 2025 to the tune of 185%. Not just that, in the long run, silver has outperformed gold in past three years and skyrocketed by nearly 267%. If you had invested Rs 1 lakh in silver three years ago, your investment has recorded nearly 3-fold jumps. Where is silver price headed?

Silver Rates In India:

On December 29, 1Kg silver price plunged by Rs 4,000 to Rs 2,58,000, pulling away from their record high of Rs 2,62,000.

Similarly, silver price dipped by Rs 400 and Rs 40 to Rs 25,800 and Rs 2,580 respectively. Also, 8 grams silver edged lower by Rs 32 to Rs 2,064 and 1 gram silver slipped by Rs 4 to Rs 258.

Despite the latest fall, silver price is up by over 37.2% in December month. Not just that silver rate has skyrocketed by a whopping 185% year-to-date, compared to Rs 90,500 price level that was seen on January 1, 2025.

Silver Rates Performance & Returns:

In the long-term, silver has given fruitful returns to investors. In 3-years span, silver has climbed by a breathtaking 266.99%.

Silver price was at Rs 70,300 per 1Kg on December 28, 2022. The year 2022 was packed with rate hike cycle due to severe geopolitical tensions after Russia launched an all-out war on Ukraine, extreme inflationary pressure and heightened uncertainty in global economic conditions. Since then precious metals have seen impressive growth.

From December 28, 2022, to December 29, 2025, silver price has jumped by 266.99%.

So if an investor had infused Rs 1 lakh in silver on December 28, 2022, they will get 1.42Kg of silver. At appreciation of 266.99% in price level, your Rs 1 lakh investment in 2022 is now worth Rs 3,66,990.

Silver Price Prediction:

Here is the outlook on silver rates in India and globally which will define the movement in future, as per Ponmudi R, CEO of Enrich Money:

Silver Outlook

Silver continues to dominate the precious-metals space, significantly outperforming gold in this cycle. COMEX Silver recently posted fresh all-time highs near $82.67 and is currently trading around the $80.40 per ounce region. The rally is being driven by a powerful combination of safe-haven demand, accelerating industrial usage, and persistent structural supply deficits. The impulsive bullish structure remains intact, with corrections staying brief and contained. Upside potential now points toward the $84-$87 zone, while strong support lies between $75 and $72. Silver is on track for one of its strongest annual performances in decades.

MCX Silver Outlook

MCX Silver futures are hovering near record levels around Rs2,54,174, with the long-term bullish framework remaining firmly in place as long as prices hold above Rs2,50,000. Any deeper corrective move is likely to find support in the Rs2,40,000-Rs2,35,000 zone. A decisive breakout above Rs2,55,000 could trigger the next leg of the rally, targeting Rs2,60,000-Rs2,75,000 over the medium term. The trend continues to strongly favour accumulation on dips.

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