Silver prices in India are stable to slightly down today, mirroring global trends after recent volatility.
Silver prices in India are stable to slightly down today, mirroring global trends after recent volatility. Key factors include global correction after earlier rallies, driven by optimism on U.S.-Iran negotiations, reducing safe-haven demand, and a firmer USD pressuring prices. Silver is more volatile than gold due to its dual role (investment + industrial). Over 50% of silver demand comes from industry (solar panels, EVs, electronics). Any slowdown in green energy/tech spending or economic concerns can weigh on prices. India’s silver prices also reflect the USD-INR rate (~₹95) and global spot prices. Import duties and local sentiment (festivals/weddings) also play a role, but global cues dominate currently. In the broader context, silver hit record highs earlier in 2026 amid geopolitical tensions and supply deficits, but profit-booking, easing tensions, and macroeconomic shifts (dollar strength, yields) caused corrections. Long-term, central bank gold buying spillover, inflation hedging, and structural industrial demand (especially renewables) support elevated levels.
Silver Rates in Major Cities (as of May 26, 2026)
- Chennai: ₹2,950 (10g) / ₹29,500 (100g) / ₹2,95,000 (1kg)
- Mumbai: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
- Delhi: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
- Kolkata: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
- Bangalore: ₹2,849 (10g) / ₹28,490 (100g) / ₹2,84,900 (1kg)
- Hyderabad: ₹2,950 (10g) / ₹29,500 (100g) / ₹2,95,000 (1kg)
- Kerala: ₹2,950 (10g) / ₹29,500 (100g) / ₹2,95,000 (1kg)
- Pune: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
- Vadodara: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
- Ahmedabad: ₹2,850 (10g) / ₹28,500 (100g) / ₹2,85,000 (1kg)
For the most accurate and updated silver rates in your city, check with local jewellers or reliable digital platforms, as prices can vary slightly by location and do not include GST or making charges.
Note: The rates mentioned above are as per the latest available data on May 26, 2026. This is for informational purposes only.