Silver Prices Continue to Slide; Check Latest Rates in Delhi, Mumbai, Jaipur and Other Cities

Silver prices witnessed another decline on June 5, offering some relief to buyers after months of sharp fluctuations in the precious metals market. The white metal remained under pressure across major bullion markets in India, with rates easing in cities such as Delhi, Mumbai, Kolkata, Chennai, Jaipur, and Lucknow.

The latest correction comes amid weakness in international precious metal markets, softer crude oil prices, and shifting investor sentiment driven by global geopolitical developments.

Silver Extends Its Downward Trend

After touching record highs earlier this year, silver prices have continued to retreat in recent trading sessions. Market data from major bullion centers indicates that silver has become cheaper compared to previous weeks, making it an attractive opportunity for investors and jewelry buyers considering fresh purchases.

On June 5, silver prices in most Indian cities remained close to ₹2.61 lakh to ₹2.63 lakh per kilogram, reflecting a modest but noticeable decline.

Meanwhile, the price of 10 grams of silver continued to trade above the ₹2,600 mark in several markets.

Global Factors Put Pressure on Precious Metals

The latest decline in silver prices is linked to a combination of international developments.

Market analysts point to:

• Softer crude oil prices in global markets

• Reduced demand for safe-haven assets

• Profit booking by investors

• Easing concerns regarding certain geopolitical tensions

Reports of diplomatic progress and temporary easing of conflicts in parts of the Middle East have contributed to lower demand for precious metals in recent sessions.

However, experts caution that geopolitical uncertainties have not disappeared completely, meaning volatility could return at any time.

Gold and Silver Both Witness Selling Pressure

The weakness in silver prices mirrors the broader trend seen across the precious metals segment.

Gold prices also registered losses during Friday's trading session.

Domestic gold rates hovered around ₹1,58,570 per 10 grams, while international spot gold declined as investors shifted focus toward global economic developments and central bank policy expectations.

International silver prices also moved lower, reflecting similar market sentiment worldwide.

Latest Silver Rates in Major Indian Cities

Here is a look at silver prices recorded in key bullion markets on June 5, 2026:

Among the listed markets, Kerala recorded the highest silver price, while Delhi, Jaipur, Lucknow, Bhopal, and Chandigarh remained among the lower-priced markets.

Chennai and Southern Markets Remain Expensive

As has often been the case, southern markets continued to trade at slightly higher levels.

Silver prices in Chennai crossed ₹2.62 lakh per kilogram, while Kerala reported rates nearing ₹2.64 lakh per kilogram.

Regional taxes, transportation costs, local demand, and bullion market dynamics often contribute to these price variations.

Why Investors Are Watching Silver Closely

Silver is increasingly attracting attention not only as a precious metal but also as an industrial commodity.

The metal plays a critical role in sectors such as:

• Solar energy manufacturing

• Electric vehicles

• Electronics production

• Semiconductor components

• Industrial equipment

This dual role means silver prices are influenced by both investment demand and industrial consumption trends.

As global economies continue investing in clean energy technologies, long-term demand for silver is expected to remain strong.

Will Silver Prices Fall Further?

Market experts believe silver prices may remain volatile in the near term.

Several factors could influence future movements:

Crude Oil Prices

Changes in energy markets often impact broader commodity sentiment.

Global Economic Data

Inflation figures, employment reports, and growth indicators can affect investor demand for precious metals.

Interest Rate Decisions

Monetary policy announcements from major central banks continue to play a significant role in commodity pricing.

Geopolitical Developments

Any escalation or easing of international tensions can trigger sudden movements in safe-haven assets such as silver and gold.

Is This a Good Time to Buy Silver?

Many investors view market corrections as potential buying opportunities.

Silver remains significantly below the record highs witnessed earlier in the year, prompting some buyers to consider fresh accumulation.

However, experts recommend:

• Monitoring global market trends

• Avoiding panic buying

• Diversifying investments

• Considering long-term financial goals before investing

Short-term volatility may continue, but silver's industrial importance keeps long-term demand prospects intact.

Final Takeaway

Silver prices continued their downward journey on June 5, with rates falling across major Indian cities. Prices remained around ₹2.61 lakh per kilogram in several key markets, while Kerala and Chennai recorded comparatively higher rates.

The decline has been driven by weaker international precious metal prices, softer crude oil markets, and changing investor sentiment. While short-term fluctuations are likely to persist, silver remains an important asset class for both investors and industrial sectors, making it a closely watched commodity in the months ahead.