Silver Prices Crash by ₹5,000/kg on April 24: Check Latest Rates in Delhi, UP, Bihar and Major Cities
Silver prices witnessed a sharp decline on Friday, April 24, 2026, bringing relief to buyers but raising concerns among investors. The bullion market recorded a significant drop of up to ₹5,000 per kilogram compared to the previous day, reflecting ongoing volatility in both domestic and international markets.
Major Fall in Silver Rates Across India
As per the latest updates, silver is currently trading at around ₹2,59,900 per kilogram in most North Indian markets. Cities like Delhi, Mumbai, Ahmedabad, Kolkata, Lucknow, Chandigarh, and even states such as Uttar Pradesh and Bihar are witnessing similar price levels.
This steep fall comes after a period of fluctuations, making silver more affordable for buyers who have been waiting for the right time to invest or purchase jewelry.
Higher Rates in Southern Cities
Interestingly, silver prices in South India are slightly higher compared to northern regions. In cities like Chennai and Hyderabad, silver is trading at approximately ₹2,69,900 per kilogram—about ₹10,000 more than prices seen in northern markets.
This regional variation is often influenced by local demand, transportation costs, and market dynamics.
Latest Silver Rates in Key Cities
Here’s a quick look at the current silver prices across major Indian cities:
| City | Silver Price (₹/kg) |
|---|---|
| Delhi | ₹2,59,900 |
| Mumbai | ₹2,59,900 |
| Ahmedabad | ₹2,59,900 |
| Kolkata | ₹2,59,900 |
| Jaipur | ₹2,59,900 |
| Bhopal | ₹2,59,900 |
| Lucknow | ₹2,59,900 |
| Chandigarh | ₹2,59,900 |
| Chennai | ₹2,69,900 |
| Hyderabad | ₹2,69,900 |
Global Market Impact on Silver Prices
The decline in silver prices is not limited to India—it reflects a broader global trend. In the international market, silver prices have slipped by around 0.56%, trading near $75 per ounce. Gold prices have also fallen by approximately 0.55%, reaching around $4,697 per ounce on the COMEX exchange.
Experts attribute this dip to ongoing geopolitical tensions in the Middle East, particularly uncertainty around ceasefire developments. Such instability often creates fluctuations in commodity markets, affecting investor sentiment.
MCX Market Trends
The domestic futures market has also mirrored this downward trend. On the Multi Commodity Exchange (MCX), silver prices have dropped by about 0.39%, trading at approximately ₹2,40,577 per kilogram. Gold, too, has declined slightly by 0.32%, currently trading near ₹1,51,277 per 10 grams.
Despite a slight upward movement in the previous trading session, the current dip indicates that markets remain highly sensitive to global cues.
What Should Investors Do?
The sudden drop in silver prices presents a mixed scenario. For buyers, especially those planning weddings or long-term investments, this could be an ideal opportunity to purchase at lower rates. However, investors should remain cautious, as the market continues to be influenced by international developments and economic indicators.
Tracking global trends, currency movements, and geopolitical events will be crucial in predicting the future direction of silver prices.
Conclusion
Silver prices have taken a notable hit on April 24, falling sharply across India by up to ₹5,000 per kilogram. While this offers a chance for buyers to benefit from lower prices, the overall market sentiment remains uncertain. Whether prices will stabilize or decline further will largely depend on global economic conditions and investor confidence in the coming days.
