Silver Price Today: Silver Slips Slightly on April 28, Trades Near ₹2.59 Lakh/kg Across North India
Silver prices witnessed a mild dip on Tuesday, April 28, 2026, continuing their recent range-bound movement. The decline may be small, but it reflects ongoing uncertainty in the bullion market driven by global factors.
Silver Prices See Minor Decline
In key regions like New Delhi, Uttar Pradesh, Bihar, and Rajasthan, silver is currently trading at around ₹2,59,900 per kilogram, showing a slight drop of about ₹100 in early trade.
This indicates that silver prices have remained largely stable over the past few sessions, fluctuating within a narrow range.
City-Wise Silver Rates (April 28, 2026)
- New Delhi – ₹2,59,900/kg
- Mumbai – ₹2,59,900/kg
- Ahmedabad – ₹2,59,900/kg
- Kolkata – ₹2,59,900/kg
- Jaipur – ₹2,59,900/kg
- Lucknow – ₹2,59,900/kg
- Chandigarh – ₹2,59,900/kg
Higher prices in South India:
- Chennai – ₹2,69,900/kg
- Hyderabad – ₹2,69,900/kg
Southern cities continue to trade at a premium compared to northern markets.
What’s Driving Silver Prices?
Several domestic and global factors are influencing silver rates:
- Strong US dollar reducing demand for metals
- Geopolitical tensions in West Asia creating uncertainty
- Fluctuations in crude oil prices impacting inflation outlook
- Mixed global market sentiment affecting investor behavior
International Market Trends
Global cues also show weakness:
- Silver: Around $74.69 per ounce (down)
- Gold: Slight decline as well on COMEX
On the domestic front:
- MCX silver fell around 0.35% to ₹2,50,146/kg
- Gold showed marginal gains
Range-Bound Movement Continues
Experts note that silver has been trading within a limited range over the past few days. This suggests:
- Lack of strong buying momentum
- Balanced demand and supply
- Wait-and-watch approach among investors
What to Expect Next
Silver prices may remain volatile in the short term, depending on:
- Movement of the US dollar
- Global economic data
- Central bank policy signals
- Geopolitical developments
Final Takeaway
Silver prices have edged lower on April 28 but remain largely stable near ₹2.59 lakh per kg in most northern cities. While the drop is minimal, it reflects broader uncertainty in global markets.
Investors should closely monitor international trends before making any major decisions in the bullion segment.
Disclaimer: Prices are indicative and may vary across cities and dealers. This article is for informational purposes only and not investment advice.
