Silver Prices in India Today, March 25: Silver prices are constantly changing due to the ongoing war in the Middle East. According to the All India Sarafa
Association, silver in Delhi is currently priced at around Rs 2.30 lakh per kilogram. On the Multi Commodity Exchange (MCX), silver futures fell by 0.43% on Wednesday morning trade, dropping Rs 957 to Rs 2,24,210 per kg. In the previous session, it had closed at Rs 2,25,167 per kg. As per the Indian Bullion and Jewellers Association (IBJA), silver was trading at Rs 2,24,545 per kg on Wednesday morning. Meanwhile, a GoodReturns report said prices had risen to around Rs 2,35,000 per kg in some markets. In the international market, spot silver increased to $69.86 per ounce. Also Read - Silver Price Crashes 51%: What Led to The Fall, Is This The Right Time To Buy?
Big drop from peak
Silver had hit an all-time high of Rs 4,20,048 per kg on January 29 this year. Compared to the current MCX price of Rs 2,24,210, silver has fallen by about Rs 1,95,838 per kg, which is a decline of nearly 46.6%.
This means silver has lost almost half its value in less than two months.
Below, you can check the latest silver jewellery rates in different cities to know the current prices before making a purchase.
Check City-Wise Silver Rate Here
| City | 10 Gram (₹) | 100 Gram (₹) | 1 Kg (₹) |
| Chennai | 2,499 | 24,990 | 2,49,900 |
| Mumbai | 2,351 | 23,510 | 2,35,100 |
| Delhi | 2,351 | 23,510 | 2,35,100 |
| Kolkata | 2,351 | 23,510 | 2,35,100 |
| Bangalore | 2,351 | 23,510 | 2,35,100 |
| Hyderabad | 2,499 | 24,990 | 2,49,900 |
| Kerala | 2,499 | 24,990 | 2,49,900 |
| Pune | 2,351 | 23,510 | 2,35,100 |
| Vadodara | 2,351 | 23,510 | 2,35,100 |
| Ahmedabad | 2,351 | 23,510 | 2,35,100 |
According to news agency PTI, Augmont’s Head of Research Renisha Chainani said that silver has bounced back from the key psychological support level of around Rs 2 lakh per kilogram. Experts say that heavy pressure from broader economic factors has led to a sharp decline in silver prices.
How Silver Lost Half Its Value In Less Than 2 Months
Silver prices have fallen sharply after a strong rally, surprising many investors. After rising rapidly over the past year, the metal has suddenly lost momentum and dropped fast.
Here are three simple reasons why:
1. Strong US dollar
When the US dollar becomes stronger, silver becomes expensive for global buyers. This reduces demand and pushes prices down.
2. Profit booking by investors
Many investors sold silver to lock in profits after the big rally. Heavy selling led to a quick fall in prices.
3. Weak industrial demand
Silver is widely used in industries like electronics and solar panels. Slower growth in countries like China and Europe means lower demand, which drags prices down.
