Silver Prices Slide on Good Friday: Check April 3 Rates Across Major Indian Cities
Silver Price Today (April 3, 2026): Silver prices witnessed a sharp decline on Good Friday, offering some relief to buyers and investors. The bullion market recorded a significant drop of nearly ₹5,000 per kilogram compared to the previous day, reflecting a volatile trend influenced by both domestic and global factors.
Silver Rates Drop Across Key Markets
On Friday morning, silver prices in major northern and western cities such as Delhi, Mumbai, Jaipur, Lucknow, and Bhopal were recorded at ₹2,49,100 per kilogram. Meanwhile, southern markets including Chennai and Hyderabad saw slightly higher prices, with silver trading at ₹2,54,900 per kilogram.
This regional variation in pricing is typically influenced by transportation costs, local demand, and supply chain factors. Despite these differences, the broader trend across the country remains bearish for the day.
MCX Closed on Good Friday
Trading activity remained paused on the Multi Commodity Exchange (MCX) due to the Good Friday holiday. Both morning and evening trading sessions were suspended, mirroring the closure of stock markets across India. As a result, no intraday fluctuations were recorded on the exchange, and prices remained largely influenced by previous closing trends and spot market activity.
Recent Price Movement in Silver
The decline seen today follows a volatile movement in the past 24 hours. Earlier, silver prices had dropped sharply by around ₹9,000 per kilogram (approximately 3.66%) in the Delhi bullion market, settling near ₹2,37,000 per kilogram. However, a slight recovery was observed afterward, bringing prices closer to current levels.
As of this morning, the average price hovered around ₹2,49,900 per kilogram, indicating some stabilization after the sharp correction.
International Market Influence
Globally, silver prices also played a role in shaping domestic trends. The international spot price of silver stood at approximately $69.57 per ounce, reflecting ongoing fluctuations in global commodity markets. Factors such as currency movements, inflation concerns, and geopolitical tensions continue to impact precious metal prices worldwide.
Interestingly, earlier this year in January 2026, silver prices had surged past the ₹4 lakh per kilogram mark, highlighting how dramatically prices have corrected since then. This makes the current dip particularly notable for investors looking for potential entry points.
Silver Prices on April 3, 2026 (City-Wise)
Here’s a quick look at silver rates across major Indian cities:
- Delhi: ₹2,49,100/kg
- Mumbai: ₹2,49,100/kg
- Ahmedabad: ₹2,49,100/kg
- Kolkata: ₹2,49,100/kg
- Jaipur: ₹2,49,100/kg
- Lucknow: ₹2,49,100/kg
- Chandigarh: ₹2,49,100/kg
- Bhopal: ₹2,49,100/kg
- Chennai: ₹2,54,900/kg
- Hyderabad: ₹2,54,900/kg
What This Means for Buyers and Investors
The drop in silver prices on Good Friday presents a short-term opportunity for buyers, especially those planning to invest in precious metals or purchase jewelry. However, experts often advise caution, as commodity markets can be highly volatile in the short term.
For long-term investors, such dips are often seen as potential accumulation points, especially when supported by strong global demand and macroeconomic uncertainties.
Final Takeaway
Silver prices have shown a notable decline on April 3, 2026, aligning with global trends and holiday-driven market pauses. While the current dip may attract buyers, keeping an eye on international cues and market reopening trends will be crucial in the coming days.
