Silver price today, December 12: Rates dip slightly after all-time high of $64.31; check 10g, 100g, 1kg prices in your city

Silver price today

The silver price continues to hold its record high performance as demand from the technology industry remains high.

The price of silver stood just above $63 an ounce on December 12 (8:53 a.m IST) on the spot market, after reaching its all-time high of $64.31 (12:00 am IST), which is an 8.86 percent gain in a week.

The domestic price of silver opened the Friday trade on MCX at Rs 1,98,282 per 1 kilogram of 999 purity on the futures market. The price touched its all-time high at Rs 1,99,220 on December 11.

As silver hits a performance peak, its sales in the domestic market are down 10 percent year-on-year (YoY) in November 2025. Usually, this time of the year would see 100 percent sales growth amid the wedding season. The white metal has gained 8.97 percent in a week and 18.91 percent in a month.

Check out below to see the prices of 1 kilogram of 999 purity silver.

Silver rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

The Augmont report, published on December 12, noted Silver has seen a very sharp run-up in prices. We can see profit booking at these levels. Prices are expected to correct to Rs 1,95,000 and Rs 1,90,000 soon.

"Silver has climbed to an all-time high above $63.00 per ounce, underscoring the strength of the current bullish momentum, but its rapid ascent also calls for caution. At these elevated levels, the metal is technically overstretched, and entering fresh positions now carries an unfavourable risk-reward profile," said Justin Khoo, Senior Market Analyst - APAC, VT Markets.

The market analyst suggests that the prudent approach is to wait for a healthy retracement before considering new trades.

"That said, the broader outlook for silver remains strongly supportive. With the Fed initiating a 25-basis-point rate cut and reintroducing large-scale liquidity through monthly Treasury purchases, market conditions favour precious metals over the medium term. Once price cools off from these extremes, silver could resume its upward trajectory, backed by a softer dollar and expanding liquidity,"  Khoo added.