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Silver prices witnessed a slight decline in the domestic bullion market on Monday, May 25, offering some relief to buyers at the start of the new week. While international precious metal markets continued to show strength, Indian silver prices moved in the opposite direction, reflecting a mixed trend in the commodity market.

According to the latest market update, silver prices in India dropped by ₹100 per kilogram compared to the previous session. In major cities including Delhi, Lucknow, Patna, Mumbai, Kolkata, and Chandigarh, silver is currently trading at ₹2,84,900 per kilogram. On a smaller scale, the price of 10 grams of silver now stands at ₹2,849.

Market analysts say that domestic bullion prices are being influenced by several factors, including currency movement, international commodity trends, crude oil prices, and global geopolitical developments.

Domestic Silver Prices Witness Mild Correction

The week opened with a minor correction in silver prices across India. Even though international gold and silver markets remained bullish, local bullion traders reported softer rates in Indian markets.

Experts believe fluctuations in the rupee, local demand patterns, and profit booking after previous gains may have contributed to the decline in domestic silver rates.

For consumers planning jewellery purchases or silver investments, the latest dip could provide a short-term buying opportunity.

Latest Silver Rates in Major Indian Cities

Here are the updated silver prices recorded on May 25, 2026:

South India Continues to Record Higher Silver Prices

Silver prices in southern states remain noticeably higher compared to northern and western regions of the country.

In Chennai, Hyderabad, and Kerala, silver rates are currently hovering around ₹2,94,900 per kilogram, nearly ₹10,000 higher than prices in Delhi and Mumbai. Traders say transportation costs, local taxes, and stronger regional demand often contribute to higher bullion prices in southern India.

International Gold and Silver Markets Stay Strong

While Indian markets saw a slight decline, precious metals in global markets continued their upward movement on Monday.

Spot gold prices rose by 1.4 percent to reach $4,570.88 per ounce, while US gold futures for June delivery climbed 1.1 percent to trade at $4,572.90 per ounce.

Silver also recorded a sharp rally internationally. Spot silver surged nearly 3.9 percent to touch $78.42 per ounce.

Other precious metals also moved higher:

• Platinum rose 1.9% to $1,959.85 per ounce
• Palladium gained 1.9% to reach $1,373.25 per ounce

Analysts say the weakening US dollar made gold and silver cheaper for international investors, boosting overall demand.

Weak Dollar and Falling Crude Oil Support Bullion Prices

Global commodity markets were heavily influenced by the decline in crude oil prices and expectations surrounding a possible peace agreement between the United States and Iran.

A weaker dollar generally supports precious metal prices because it increases purchasing power for investors using other currencies. At the same time, falling crude oil prices helped ease inflation concerns in several markets.

US-Iran Peace Deal Hopes Affect Commodity Markets

Investor sentiment improved after fresh comments from US President Donald Trump regarding ongoing discussions with Iran.

According to reports, negotiations between the two countries have progressed significantly, although officials are still reviewing final details before reaching any formal agreement.

Meanwhile, expectations of the Strait of Hormuz reopening for smoother oil transportation triggered a major fall in global crude oil prices.

• Brent crude dropped 5.08% to $98.28 per barrel
• WTI crude declined 5.29% to $91.49 per barrel

The sharp decline in oil prices also influenced commodity markets worldwide.

What Investors Should Watch Next

Market experts believe silver prices may remain volatile in the coming days due to uncertainty in global markets, fluctuations in crude oil, and developments in geopolitical negotiations.

Investors are advised to monitor international cues, dollar movement, and domestic demand before making large bullion purchases.

Silver continues to attract interest not only as a jewellery metal but also as an industrial commodity used in sectors such as solar energy, electronics, and electric vehicles.

Disclaimer: Precious metal prices change frequently based on market conditions. Investors should consult financial advisors or bullion experts before making investment decisions.