Silver prices in Kolkata declined on May 19, 2026, with silver trading at ₹285 per gram and ₹2,85,000 per kilogram, down ₹5 per gram and ₹5,000 per kilogram from the previous session.
For buyers in Kolkata, 10 grams of silver is priced at ₹2,850, while 100 grams costs ₹28,500. Yesterday, the same quantities were trading at ₹2,900 and ₹29,000 respectively.
The decline in domestic silver prices comes as global precious metals markets weakened amid persistent geopolitical uncertainty and inflation concerns. International silver prices moved toward $76 per ounce on Tuesday, reversing gains from the previous session.
Market participants reacted cautiously after US President Donald Trump hinted at possible diplomatic progress with Iran. However, investors continue to remain skeptical about a near-term resolution to the ongoing West Asia conflict.
Precious metals have remained under pressure since the conflict intensified earlier this year, as rising crude oil prices have strengthened inflation fears across global markets. Higher inflation expectations have increased speculation that major central banks could maintain elevated interest rates for longer.
In the United States, traders have continued to scale back expectations for Federal Reserve rate cuts in 2026. Markets are now also watching whether the Fed may signal another possible rate hike later this year if inflation remains elevated.
Investors are awaiting the latest FOMC meeting minutes and upcoming US PMI readings for fresh cues on the direction of monetary policy and economic activity.
Kolkata’s silver prices remained aligned with Mumbai, Delhi, Bengaluru, Pune, Vadodara and Ahmedabad at ₹2,85,000 per kilogram. Chennai, Hyderabad and Kerala continued to trade at a premium near ₹3,00,000 per kilogram.
The City of Joy’s bullion market, particularly trading activity around Burrabazar and traditional jewellery hubs, continues to track international silver movement closely as volatility remains elevated across commodity markets.
Silver prices are expected to remain sensitive to crude oil prices, US dollar movement, geopolitical developments and central bank policy expectations in the coming sessions.
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.