Hello readers! Today, June 06, 2026, the Indian bullion market is witnessing a slight decline in silver prices. In the global market, both gold and silver prices are being directly influenced by international factors—specifically the strength of the US dollar and industrial demand—and this impact is clearly visible in the domestic market as well.
Silver prices in India primarily depend on international trends, the Rupee-Dollar exchange rate, import costs, and local demand-supply dynamics. Today, the average price of 999 purity silver in the Indian market is hovering around ₹2,74,900 per kilogram (or ₹2,749 per 10 grams). However, prices are slightly higher in the southern states of the country.
Today’s Silver Rates in Major Indian Cities (999 Purity)
Silver prices vary across different cities due to local taxes and demand. You can check today’s latest indicative rates (per 10 grams, 100 grams, and 1 kilogram) in the table below:
| City Name | 10 Grams | 100 Grams | 1 Kilogram |
| Mumbai | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Delhi | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Kolkata | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Bengaluru | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Ahmedabad / Pune | ₹2,749 | ₹27,490 | ₹2,74,900 |
| Chennai | ₹2,799 | ₹27,990 | ₹2,79,900 |
| Hyderabad | ₹2,799 | ₹27,990 | ₹2,79,900 |
| Kerala | ₹2,799 | ₹27,990 | ₹2,79,900 |
Important Note: The rates provided above are indicative. When you go to purchase silver jewelry or utensils, a 3% GST and Making Charges are added separately. Because of this, you may see a difference of ₹100 to ₹500 in your final retail bill.
Key Factors Driving the Market Change (Market Analysis)
- Industrial and Global Demand: The industrial demand for silver in the international market (especially in solar panels, electric vehicles (EVs), and electronics) remains quite strong. However, a stronger US dollar is putting some downward pressure on prices.
- Sluggish Domestic Demand: The wedding season in India has now concluded, leading to a moderation in the physical demand for silver and jewelry.
- Currency Exchange Rate (USD-INR): The performance of the Indian Rupee against the US Dollar directly impacts the import cost of silver, causing fluctuations in retail prices.
Expert Tips for Investors and Buyers
- Buying Perspective: If you are looking to buy silver for long-term investment, the current levels are not bad. However, the market might soften a bit more, so waiting for a further dip could be a better strategy for bulk purchases.
- Selling Strategy: The current prices are favorable for profit booking, but keep a close watch on international market trends.
- Safety Standards: To guarantee purity, always insist on buying BIS Hallmarked silver and ensure you receive a proper GST invoice from certified and trusted jewelers.
Disclaimer: This article is written purely for informational and financial literacy purposes. The prices mentioned are based on various online sources and are subject to change throughout the day. Please consult your financial advisor and verify live rates with your local bullion market before making any major purchases or investment decisions.
