Silver prices in Hyderabad remained elevated on May 19, 2026, with silver trading at ₹300 per gram and ₹3,00,000 per kilogram, although prices were lower by ₹5 per gram and ₹5,000 per kilogram compared with the previous session.
In Hyderabad, 10 grams of silver is priced at ₹3,000, while 100 grams costs ₹30,000. Yesterday, the same quantities were trading at ₹3,050 and ₹30,500 respectively.
The decline in domestic silver prices came as international silver prices slipped toward $76 per ounce amid continued uncertainty surrounding the Middle East conflict and concerns about rising global inflation.
Market sentiment remained cautious after US President Donald Trump indicated that diplomatic progress with Iran could still be possible. However, investors continue to remain uncertain about how quickly tensions in West Asia can ease.
Silver and other precious metals have experienced heightened volatility since the escalation of the Iran conflict earlier this year. Rising crude oil prices have intensified inflation fears globally, leading traders to expect that central banks may maintain tighter monetary policy for longer.
In the United States, persistent inflation concerns have further reduced expectations for Federal Reserve rate cuts in 2026. Markets are also watching for any indication that the Fed could keep interest rates elevated through the remainder of the year.
Investors are now awaiting upcoming FOMC meeting minutes and fresh US PMI readings for additional clarity on the economic outlook and interest rate trajectory.
Among major Indian cities, Hyderabad continued to trade at a premium alongside Chennai and Kerala at around ₹3,00,000 per kilogram, while Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad traded near ₹2,85,000 per kilogram.
Hyderabad’s bullion and jewellery market remains sensitive to international commodity prices, crude oil movement, US dollar strength and geopolitical developments, all of which continue to influence silver pricing trends.
Silver prices are expected to remain volatile in the near term as markets continue to track global inflation, oil prices and developments in the West Asia region.
Disclaimer: Precious metal prices are subject to market fluctuations and may vary across cities and jewellers. The information provided is for informational purposes only and should not be considered investment advice.