Silver Rate Today: After delivering an exceptional rally for most of 2025, silver prices cooled off on the final trading day of the year as investors opted
to lock in profits near record levels. The correction was sharper in silver, while gold showed relative resilience, reflecting shifting sentiment as markets reassessed global and domestic cues. On Wednesday, silver futures for March 2026 saw a steep decline, sliding 6 per cent to Rs 2,35,952 per kg and losing Rs 15,060 in a single session. Gold futures for February 2026 also moved lower, though modestly, easing 0.4 per cent to Rs 1,36,124 per 10 grams. The retreat follows a powerful surge that had pushed both metals to historic highs earlier in the month, prompting traders to book profits before the year-end close. Global Markets Mirror the Softness Weakness in domestic prices was in line with international trends. On December 31, spot gold slipped 0.3 per cent to around $4,334 an ounce during early Asian trading, after touching an all-time high of $4,549.71 last week, according to a report from The Economic Times. US gold futures for February delivery also declined, falling 1 per cent to $4,346.50 an ounce. Traders globally appeared cautious, choosing to secure gains accumulated during the year-long rally. In the previous session, however, both metals had ended on a strong footing. On the MCX, gold February futures settled at Rs 1,36,666 per 10 grams, up 1.28 per cent, while silver March futures jumped 11.84 per cent to close at Rs 2,51,012 per kg, as per the report. Silver Prices Across Major Cities Today’s silver rates across major Indian cities show some variation: in Chennai, Hyderabad, and Kerala, silver is priced at Rs 2,579 for 10 grams, Rs 25,790 for 100 grams, and Rs 2,57,900 per kilogram. In contrast, cities such as Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad are witnessing lower and uniform rates, with silver costing Rs 2,399 for 10 grams, Rs 23,990 for 100 grams, and Rs 2,39,900 per kilogram. Geopolitics And Central Banks Shape Outlook Prices had rebounded earlier from intraday lows as safe-haven demand resurfaced amid rising geopolitical tensions. Market anxiety intensified following reports of a Ukrainian drone attack allegation by Russia, alongside news of US airstrikes on a Venezuelan dock and Chinese military exercises near Taiwan. These developments reinforced the appeal of gold and silver as traditional hedges during times of uncertainty.
