Silver prices in Pune 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 trading session.
In Pune, 10 grams of silver is priced at ₹2,850, while 100 grams costs ₹28,500. On the previous day, the same quantities were trading at ₹2,900 and ₹29,000 respectively.
Domestic silver prices tracked weakness in global precious metals markets as international silver prices moved toward $76 per ounce on Tuesday. Investors remained cautious amid continued uncertainty surrounding the Middle East conflict and persistent inflation concerns across global economies.
Markets reacted carefully after US President Donald Trump suggested there could be progress toward a diplomatic agreement with Iran. However, traders continue to remain skeptical about how quickly tensions in West Asia can ease.
Silver and other precious metals have remained volatile since the escalation of the Iran conflict earlier this year. Rising crude oil prices have strengthened global inflation fears and increased expectations that central banks could maintain elevated interest rates for longer.
In the United States, inflation concerns have further reduced market expectations for Federal Reserve rate cuts in 2026. Investors are now watching whether the Fed could maintain a tighter monetary policy stance through the remainder of the year.
Markets are also awaiting upcoming FOMC minutes and fresh US PMI data for additional signals on interest rates and economic conditions.
Among major Indian cities, Pune traded in line with Mumbai, Delhi, Kolkata, Bengaluru, Vadodara and Ahmedabad at ₹2,85,000 per kilogram, while Chennai, Hyderabad and Kerala continued to trade at higher levels near ₹3,00,000 per kilogram.
Pune’s bullion market continues to closely monitor global commodity trends, especially crude oil prices, the US dollar index and geopolitical developments, which remain key drivers for silver prices.
Silver prices are expected to remain sensitive to inflation data, central bank commentary and developments in the West Asia region over 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.