Silver prices in India climbed on Friday, following gold rates across the country. Gold prices posted modest gains on Friday morning, while silver extended its rally after scaling a new all-time high on the Multi Commodity Exchange (MCX). The move came as traders assessed the impact of the US Federal Reserve’s latest rate cut and prepared for a week packed with crucial US economic data.
Fed Rate Cut Fuels Bullion Momentum
The broader rally across precious metals was triggered by the US Federal Reserve’s decision to reduce its benchmark interest rate by 25 basis points, while signalling that another reduction may follow next year. The move, paired with softer commentary from policymakers, strengthened expectations of a more accommodative policy path.
This shift also dragged the dollar index lower to 98.30, making gold cheaper for international buyers and lifting demand in global markets. At the same time, the Indian rupee remained stuck at its record low against the US dollar, a trend that continues to support domestic gold prices by making imports costlier.
Market strategists highlighted that lower interest rates reduce the opportunity cost of holding non-yielding assets such as gold and silver. With both metals already trading near lifetime highs, the Fed’s dovish stance is adding momentum to the ongoing rally as investors look for safety amid inflationary concerns and persistent economic uncertainty.
Silver Rates Across Major Cities In India On Dec 12
Silver Rate In Delhi Today
The current silver price in Delhi stand at Rs 204 per gram and Rs 2,04,000 per kg.
Silver Rate In Chennai Today
The current silver price in Chennai stand at Rs 215 per gram and Rs 2,15,000 per kg.
Silver Rate In Bengaluru Today
The current silver rates in Bengaluru stand at Rs 204 per gram and Rs 2,04,000 per kg.
Silver Rate In Mumbai Today
The current silver rates in Mumbai stand at Rs 204 per gram and Rs 2,04,000 per kg.
Silver Rate In Pune Today
The current silver rates in Pune stand at Rs 204 per gram and Rs 2,04,000 per kg.
Silver Rate In Kolkata Today
The current silver rates in Kolkata stand at Rs 204 per gram and Rs 2,04,000 per kg.
| City | Per Gram | Per KG |
| Silver Rate in Delhi | 204 | 2,04,000 |
| Silver Rate in Chennai | 215 | 2,15,000 |
| Silver Rate in Bangalore | 204 | 2,04,000 |
| Silver Rate in Mumbai | 204 | 2,04,000 |
| Silver Rate in Pune | 204 | 2,04,000 |
| Silver Rate in Kolkata | 204 | 2,04,000 |
| Silver Rate in Hyderabad | 215 | 2,15,000 |
| Silver Rate in Ahmedabad | 204 | 2,04,000 |
| Silver Rate in Indore | 201.10 | 2,01,100 |
| Silver Rate in Lucknow | 204 | 2,04,000 |
| Silver Rate in Coimbatore | 215 | 2,15,000 |
| Silver Rate in Bhubaneswar | 215 | 2,15,000 |
| Silver Rate in Mysore | 204 | 2,04,000 |
| Silver Rate in Kanpur | 204 | 2,04,000 |
| Silver Rate in Salem | 215 | 2,15,000 |
| Silver Rate in Visakhapatnam | 215 | 2,15,000 |
| Silver Rate in Vijayawada | 215 | 2,15,000 |
| Silver Rate in Patna | 204 | 2,04,000 |