Silver Prices Resume Downtrend: Metal Drops Amid Trade Hopes

Silver prices across major Indian cities resumed their losing streak on October 26, retreating after a brief rise earlier in the week. The downturn in precious metals comes amid renewed hopes for easing trade tensions between the United States and China, which can reduce safe-haven demand.

On the Multi Commodity Exchange (MCX), the Silver December contract last settled 0.22% down at ₹1,47,150 per kg as of Friday, October 24. Similarly, the MCX Gold December Futures contract closed 0.16% lower at ₹1,23,255 per 10 grams.

City-Wise Silver Bullion Rates (₹/kg) on October 26

The following table provides the latest Silver Bullion (999 purity) and Gold Bullion rates across key Indian metropolitan areas.

Note on Retail Price: Retail customers should be aware that jewellers typically add making charges, local taxes, and GST to the bullion price, which will result in a higher final purchase price.

Precious Metals: Historical Performance

Both silver and gold have delivered impressive long-term returns, solidifying their roles as key asset classes:

Silver: The metal has demonstrated remarkable resilience, remaining above the ₹1 lakh per kg mark for several months. Over the past 20 years (2005-2025), silver has achieved an overall gain of 668.84%.

Gold: Gold has seen an even more dramatic ascent, with prices skyrocketing by a solid 1,200% over the past two decades—from ₹7,638 in 2005 to over ₹1,25,000 per 10 grams in 2025 (as of September). Year-to-date (YTD), gold prices have risen by 56%, positioning it as a top-performing asset and a reliable hedge against market volatility.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Bizz Buzz. We advise investors to check with certified experts before making any investment decisions.