Silver prices in Kolkata declined sharply on Tuesday, May 5, 2026, with the metal falling Rs 10,000 per kilogram — a 3.77% single-day drop — to Rs 2,55,000 per kg from Rs 2,65,000 yesterday. At the per gram level, silver slipped Rs 10 to Rs 255 from Rs 265.
Today’s silver rate in Kolkata — May 5, 2026
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 255 | Rs 265 | -Rs 10 |
| 8 gram | Rs 2,040 | Rs 2,120 | -Rs 80 |
| 10 gram | Rs 2,550 | Rs 2,650 | -Rs 100 |
| 100 gram | Rs 25,500 | Rs 26,500 | -Rs 1,000 |
| 1 kg | Rs 2,55,000 | Rs 2,65,000 | -Rs 10,000 |
Silver rate in Kolkata — last 10 days
| Date | 10 gram | 100 gram | 1 kg |
|---|---|---|---|
| May 05, 2026 | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| May 04, 2026 | Rs 2,650 | Rs 26,500 | Rs 2,65,000 |
| May 03, 2026 | Rs 2,650 | Rs 26,500 | Rs 2,65,000 |
| May 02, 2026 | Rs 2,650 | Rs 26,500 | Rs 2,65,000 |
| May 01, 2026 | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
The 10-day trend shows silver oscillating between Rs 2,55,000 and Rs 2,65,000 per kg — reflecting the volatile but range-bound nature of silver pricing through the ongoing global uncertainty. The metal had spiked to Rs 2,65,000 on May 2 and held there through May 4 before today’s correction.
Why silver is falling today
Silver tends to move in tandem with gold, and today’s Rs 44 per gram decline in 24K gold in Kolkata has pulled silver lower in sympathy. Beyond the precious metal correlation, silver also has significant industrial demand exposure — particularly in solar panels, electronics and EVs — and any global growth concerns can create additional selling pressure on the industrial side of silver’s demand equation.
The Rs 10,000 per kg single-day decline is notable but not unusual in the current environment, where global commodity markets are subject to rapid sentiment shifts linked to geopolitical developments, US Federal Reserve commentary and dollar movement.
What this means for buyers
For investors and jewellery buyers, today’s correction offers a marginally better entry point after several days of elevated prices. However, the broader trend for silver — driven by safe-haven demand and industrial use in India’s expanding solar and electronics manufacturing sectors — remains structurally supportive over the medium term.
Note: Silver rates are indicative and do not include GST, TCS and other applicable levies. For exact rates, contact your local bullion dealer or jeweller.