Silver Price Crash: Silver became cheaper by ₹5,000 on June 5; check today's latest rates..

Today, June 5, 2026, the silver market witnessed significant activity. While prices dropped in the domestic bullion market, silver rates also appeared under pressure on the Multi Commodity Exchange of India (MCX). Consequently, understanding market movements has become crucial for both investors and buyers.

According to reports, silver prices softened across various cities in the country. Rates declined in major markets such as Delhi, Uttar Pradesh, and Bihar. This drop is attributed to global cues.

Regarding the MCX, silver futures also faced downward pressure. In early trading on June 5, silver prices fell by approximately ₹5,000 per kilogram—a significant drop for the market. Although prices vary slightly depending on the specific contract, MCX silver futures generally traded within the range of ₹2.65 lakh to ₹2.70 lakh per kilogram.

Silver prices also remained subdued in the spot (local) market. The average price of silver in the country hovered between ₹2.75 lakh and ₹2.80 lakh per kilogram, a level lower than in recent days.

**Reasons for the Decline**

Experts attribute the pressure on precious metals to uncertainty in the international market, a strengthening dollar, and concerns regarding interest rates. Additionally, geopolitical tensions in West Asia have influenced investor sentiment, leading to a decline in the prices of both silver and gold.

**What Does This Mean for Investors?**

Market experts believe that such a decline could lead to further volatility in the short term. Therefore, investors should avoid making hasty decisions and keep a close watch on market trends.

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.