Silver price today: Rates bullish at all-time high above $65 per ounce; Check 10g, 100g, 1kg prices in your city

Silver Price Today

The spot price of silver is surging at its peak performance today (December 17), fueled by industrial demand. The spot price of precious metal stood at its all-time high, hovering just above $65.35 an ounce as of 7:12 am IST. The price is up 2.49 percent in a day and 5 .52 percent in a week.

The domestic price of silver on the futures market on MCX opened the Wednesday session at Rs 2,05,083, and continued to trade sideways to hover just above Rs 2,04,857 as of 12:37 pm (IST). The price has jumped 3.59 percent from its previous close. The white metal peaked all-time high of Rs 2,01,615 on the commodity exchange as recorded on Friday (December 12).

Notably, as silver hits a performance peak, its sales in the domestic market were down 10 percent year-on-year (YoY) in November 2025, according to the Indian Bullion Jewellers Association (IBJA).

Check the table below for the prices of 1 kg of 999 purity silver over the last few days -

Source: Indian Bullion Jewellers Association 12:30 rate session as of Dec. 17, 2025

City-wise silver prices in India today

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

Source: Goodreturns

Why are silver prices up?

"Silver’s surge beyond Rs 2.05 lakh per kg and above $65 an ounce. It is entering a phase where risk management becomes as important as conviction. Silver would probably break the all-time high again before retracing and moving up again, reflecting the strength of underlying momentum. The rally has been driven by a powerful mix of global rate cuts, rising liquidity, a softer dollar, and structurally strong industrial demand.

"However, the pace of the move suggests prices are technically overbought in the near term, increasing the likelihood of consolidation or a corrective phase. This should not be mistaken for a breakdown in the trend. Any retracement would likely be a healthy reset that improves the risk-reward for fresh participation. Medium-term fundamentals remain constructive, supported by monetary easing and continued demand from the energy transition and technology sectors. Overall, the broader bias remains upward once volatility eases," said Justin Khoo, Senior Market Analyst - APAC, VT Market.

The Augumont Bullion report, published on December 17, stated that silver has finally crossed $65 (Rs 2,01,000) mark. The next resistance level to watch for is $67 (~Rs 208,000). Until prices are trading above $62 (~Rs 194,000), the uptrend is expected to continue.

Outlook: Will silver regain momentum this week?

The report further stated that mixed US jobs data pushed investors to seek other assets delivering higher yields to mitigate risk.

"While the US economy added 64,000 jobs in November, exceeding expectations, the unemployment rate was 4.6% last month, despite the 43-day government shutdown affecting the figures. This has reinforced expectations for up to two interest-rate cuts in 2026, with approximately 59 basis points of easing priced in for the following year.

"The US dollar Index has reached a two-month low, making greenback-priced bullion more affordable for international purchasers. Benchmark 10-year U.S. Treasury yields decreased following an unexpected uptick in the jobless rate last month. Investors are now expecting speeches from key Fed officials on Wednesday, as well as the highly anticipated November consumer inflation report on Thursday, for additional guidance," the report stated.

Also, India's regulators now enable pension funds to invest in gold and silver ETFs. They will be authorised to add gold and silver ETFs in private sector pension programs worth up to 5% of the fund's AUM, which could further increase the already increasing investment demand in India.