Silver Rate Today, May 25, 2026: Silver Holds Steady at ₹2,850/10 gm on Monday; Southern Cities Maintain ₹100 Premium as Metal Settles into a Range

Mumbai, May 25: Silver prices in India were unchanged on Monday, with the national rate holding firm at ₹285 per gram or ₹2,850 per 10 grams and ₹2,85,000 per kilogram identical to Friday’s close. The stability over the weekend marks the second consecutive session in which the metal has held its ground at current levels, suggesting that the post-tariff correction that had dragged silver from its spike-high of ₹3,100 per 10 grams on May 14 down to a low of ₹2,800 per 10 grams on Wednesday has now run its course. 

At ₹2,850 per 10 grams, silver is trading in a settled range that appears to reflect a new equilibrium between the structural floor created by the government’s 15 per cent import duty on precious metals and the demand-side caution that followed the sharp post-tariff repricing of retail prices across India.

The week-long journey from the tariff-shock high to the current range tells the story of a market absorbing a sudden policy shock. Following the May 14 announcement of the import duty hike from 6 per cent to 15 per cent comprising a 10 per cent basic customs duty and a 5 per cent Agriculture Infrastructure and Development Cess silver surged ₹350 per 10 grams in a single session before giving back ₹300 across four sessions through Wednesday. 

Thursday’s first gain in five sessions, Friday’s flat close and now Monday’s second successive steady session collectively point to a market that has found a workable floor. Industrial buyers in the silverware, electronics and solar panel segments, who had deferred purchases through the correction, are reported to have re-engaged at current levels, lending demand support that has stabilised prices.

The broader precious metals environment on Monday was also conducive to stability. International silver spot prices held relatively firm, supported by steady industrial demand projections for the year ahead and the ongoing uncertainty in global commodity markets. A marginally softer US dollar provided a modest tailwind, while the domestic market continued to digest the implications of the government’s import duty regime. 

Trade sources noted that the premium of Indian silver over international parity a direct consequence of the 15 per cent levy remains wide enough to incentivise grey market alternatives, and any sustained recovery above the ₹3,000 per 10 grams level may be self-limiting for that reason. For now, however, the market appears content to consolidate in the ₹2,800–2,900 band as the full impact of the tariff change is absorbed by buyers and sellers alike.

City-Wise Rates

City-wise, Monday’s rates were identical to Friday’s across all ten major markets, with no city recording any movement in either direction. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad all held at the national benchmark of ₹2,850 per 10 grams, reflecting the uniform price discovery that characterises India’s major bullion centres in periods of low volatility. 

Chennai, Hyderabad and Kerala each maintained their ₹100 premium over the national benchmark at ₹2,950 per 10 grams, a structural feature of the southern silver market driven by historically stronger retail and temple demand in those regions. Comparing Monday’s rates to last Friday’s levels, there is no change in any city a pattern of weekend stability that suggests the market is in a genuine consolidation phase rather than a pause before the next directional move.

Gold Prices

Gold prices in India slipped marginally on Monday, extending Friday’s modest correction as the fourth consecutive fuel price hike over the weekend added to inflationary concerns and dampened risk appetite, with the national price of 24-karat gold easing to ₹1,59,380 per 10 grams down ₹110 from Friday’s ₹1,59,490. 

The 22-karat rate declined to ₹1,46,100 per 10 grams (down ₹100) and 18-karat gold slipped to ₹1,19,540 per 10 grams (down ₹80), with per-gram rates now standing at ₹15,938, ₹14,610 and ₹11,954 respectively. Monday’s marginal decline keeps gold firmly within the narrow consolidation range established since the end of last week’s three-session recovery, which had clawed back ₹3,710 per 10 grams in 24K following the steep post-tariff correction.

10 Gram Silver Prices: Monday vs Friday City-Wise Comparison

Source:

• goodreturns.in | Monday, May 25, 2026