Silver Price Today: Gold and silver prices have resumed their decline. Gold and silver prices had risen sharply in recent months, but today, December 2nd, both have declined. Silver prices fell sharply in a single day. Around 10 am on December 2nd, silver prices fell by ₹3,799 per kg. According to the India Bullion and Jewellers Association (IBJA), silver prices fell to ₹174,650 per kg.
Silver Price Today:
Around 10 am, the price of 1 kg of silver on MCX was recorded at ₹174,701, down ₹3,499 per kg. Silver has so far recorded a low of ₹174,250 per kg and a high of ₹176,198 per kg.
Silver Rate City Wise
Patna ₹178,300 per kg
Jaipur ₹178,370 per kg
Kanpur ₹178,440 per kg
Lucknow ₹178,440 per kg
Bhopal ₹178,590 per kg
Indore ₹178,590 per kg
Chandigarh ₹178,400 per kg
Raipur ₹178,630 per kg
According to the India Bullion and Jewellers Association, gold and silver prices rose in the evening on Monday, December 1, 2025, compared to the morning. According to the IBJA, the cost of 24-carat gold with 999 purity rose from ₹128,602 in the morning to ₹128,800 per 10 grams in the evening. Silver prices rose from ₹173,740 to ₹175,180 per kg.
Increased demand for silver in the industry
Today, silver is not only used in jewellery and worship. Still, it has also become an essential metal in many of the latest technologies, from mobile phones and computer chips to electronic devices and solar panels.