Silver Price Today: Has Silver Become Cheaper or Costlier? Check Latest Rates in Delhi, Lucknow, Patna and Other Cities
Silver prices continued to witness sharp fluctuations on Friday as global geopolitical tensions and weak international market trends kept investors and jewellery buyers on edge. The growing conflict between the United States and Iran has once again affected the bullion market, leading to uncertainty in precious metal prices across domestic and international markets.
In India, silver rates remained volatile throughout the morning trading session. In Delhi’s bullion market, silver prices hovered around ₹2,71,000 per kilogram, while futures prices on the Multi Commodity Exchange of India (MCX) slipped by nearly ₹246 during early trade.
Market analysts say ongoing instability in global energy markets and international trade routes is influencing investor sentiment, causing frequent ups and downs in bullion prices.
Silver Futures Decline in Morning Trade
During early trading hours, silver futures on MCX dropped by approximately 0.09 percent to around ₹2,71,600 per kilogram. In the previous trading session, silver had settled at nearly ₹2,71,846 per kilogram.
The slight decline comes after silver witnessed significant volatility over the past several months. Investors are closely tracking both international precious metal trends and geopolitical developments before making fresh buying decisions.
Experts believe safe-haven demand remains strong, but profit-booking and weak overseas signals are creating short-term pressure on prices.
International Silver Prices Also Under Pressure
Global silver markets also showed weakness amid cautious investor sentiment. Spot silver prices in the international market declined to nearly $75.87 per ounce.
Analysts say uncertainty surrounding the Middle East crisis, energy supply concerns, and fluctuations in the US dollar are contributing to instability in bullion prices globally.
Precious metals such as gold and silver generally attract strong investor interest during periods of geopolitical stress. However, sudden movements in currency markets and global commodity prices can also trigger volatility.
Silver Had Touched Record High Earlier This Year
Silver prices had reached an all-time record high earlier this year. On January 29, 2026, silver reportedly touched nearly ₹4,20,048 per kilogram in the domestic market.
Since then, prices have witnessed substantial correction and volatility due to changing global economic conditions and fluctuations in investor demand.
Bullion traders say the market remains highly sensitive to international developments, particularly tensions involving oil-producing regions and global inflation concerns.
Different Platforms Showing Different Silver Rates
Interestingly, silver prices currently vary across different trading and pricing platforms.
According to market tracking platform GoodReturns, silver prices climbed as high as ₹2,85,000 per kilogram in some retail markets. Meanwhile, the Indian Bullion and Jewellers Association (IBJA) reported silver prices at around ₹2,67,433 per kilogram at the close of Friday’s trading session.
The difference in rates is mainly due to varying taxation structures, local demand, transportation costs, and platform-specific pricing methodologies.
Experts advise buyers to compare local bullion market prices before making large jewellery or investment purchases.
Bullion Markets to Remain Closed Over Weekend
Since bullion markets generally remain closed on Saturdays and Sundays in many regions, the current prices are expected to remain valid for the next two days.
Jewellery buyers and investors planning to purchase silver are therefore being advised to check the latest city-wise rates carefully before making any transaction.
Latest Silver Prices in Major Indian Cities
Here are the latest silver rates across key cities in India:
| City | 10 Gram Silver Price | 100 Gram Silver Price | 1 Kg Silver Price |
|---|---|---|---|
| Delhi | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Mumbai | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Kolkata | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Chennai | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Patna | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Lucknow | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Meerut | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Ayodhya | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Kanpur | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Ghaziabad | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Noida | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Gurugram | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Jaipur | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Ludhiana | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Guwahati | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Indore | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Ahmedabad | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Surat | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Vadodara | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Pune | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Nagpur | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Chandigarh | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Nashik | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Bengaluru | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Bhubaneswar | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Cuttack | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Kerala | ₹2,900 | ₹29,000 | ₹2,90,000 |
| Raipur | ₹2,850 | ₹28,500 | ₹2,85,000 |
| Hyderabad | ₹2,900 | ₹29,000 | ₹2,90,000 |
Should Investors Buy Silver Now?
Market experts believe silver may continue to remain volatile in the short term due to global uncertainty and fluctuating commodity prices. However, many long-term investors still consider silver an attractive asset for portfolio diversification and inflation protection.
Jewellery buyers are also closely monitoring price movements, hoping for stability before making major purchases during the upcoming festive and wedding season.
Analysts recommend that investors avoid panic buying and closely track both international bullion trends and domestic market conditions before making investment decisions.
