New Delhi, Dec. 30 -- Silver rate today in India rose again after a massive decline in the previous session. Globally, Silver price today stabilised after its sharpest one-day fall in more than five years as traders booked profits following a strong year-end rally.

MCX Silver advanced over 4% to Rs.2.36 lakh/kg. Contracts for March delivery crossed the Rs.2.5 lakh mark for the first time in the previous session, reaching Rs.2,54,174 on Monday. However, prices later retreated sharply, crashing Rs.28,674 per kg or 10.3% to hit the day's low of Rs.2,25,500.

The metal traded near $73 an ounce on Tuesday after tumbling 9% in the previous session, while gold was largely steady after its biggest drop in two months. The pullback across precious...