Silver Rate Today Above Rs 2.3 Lakh In Bengaluru, Mumbai, Delhi, etc On Christmas: When Will Prices Fall?

Silver Rate Today: Silver prices hovered near record highs on Thursday, December 25, after the precious metal witnessed a sharp rally over the past month. Silver rates in Bengaluru, Mumbai, Delhi, and other major Indian cities have surged over 150% in the past year, with nearly 50% of the gains coming in just the last one month.

The prices of silver in India remained stable today as most of the commodities market are likely to remain close on the occasion of Christmas on December 25. However, as the prices remain at record high mark, investors, retail jewellery buyers, and nearly every one is asking the same question: When will silver prices fall? Let's decode silver price's trajectory in the coming days.

Silver Rate in India Today

The price of silver in India stood at Rs 234 per gram and to Rs 2,34,000 per kilogram on Thursday, December 25. There has been nearly 50% surge in the prices of silver in December till date. The sharp surge in silver prices, coinciding with rising gold rates, has come as the United States Federal Reserve announced a rate cut in December and there are expectations of further rate cuts in the coming months.

Silver Rate in Bengaluru, Delhi, Mumbai, and Other Indian Cities

City	10 gram	100 gram	1 Kg
Chennai	₹2,450	₹24,500	₹2,45,000
Mumbai	₹2,340	₹23,400	₹2,34,000
Delhi	₹2,340	₹23,400	₹2,34,000
Kolkata	₹2,340	₹23,400	₹2,34,000
Bangalore	₹2,340	₹23,400	₹2,34,000
Hyderabad	₹2,450	₹24,500	₹2,45,000
Kerala	₹2,450	₹24,500	₹2,45,000
Pune	₹2,340	₹23,400	₹2,34,000
Vadodara	₹2,340	₹23,400	₹2,34,000
Ahmedabad	₹2,340	₹23,400	₹2,34,000

Silver Prices Break Back-To Back Record: When Will Silver Rate Fall?

Given the tremendous surge in silver rates in a short duration of a month, experts see a sharp correction in the near term. Hence, silver prices can see some correction in the next one week or in the first month of the year 2026.

"In the near term, silver is vulnerable to tactical profit booking. Prices have rallied sharply and are trading well above medium-term averages, which typically invites consolidation. Silver's higher beta versus gold means corrections tend to be faster and deeper. However, any pullback should be viewed as corrective rather than trend-ending, especially while inflation concerns, fiscal stress, and real-rate uncertainty remain supportive for precious metals," explained Justin Khoo, Senior Market Analyst - APAC, VT Market.

While there is uncertainty about exactly when will silver prices start correcting, Justin Khoo adds, "The sharp compression in the gold-silver ratio signals relative exhaustion in silver's outperformance, not a reversal for the metals complex. Historically, such moves are followed by phases where gold stabilises and silver corrects. This points to rotation within precious metals, not a breakdown. Gold may regain relative leadership during periods of risk aversion, while the broader bullish structure remains intact."

"Silver, after hitting ~$72.70/oz records, may consolidate but remains structurally bullish, with many models projecting $65-$80+ through 2026 as tight supply and industrial demand persist," Khoo stated further.