The Indian bullion market is showing stability in silver prices today, May 12, 2026. With consistent industrial demand and balanced global economic signals, silver remains a key focus for both investors and industrial consumers.
Today’s Key Rates (Per Kilogram)
According to market analysts and bullion associations, the average prices for silver today are:
- 999 Pure Silver: Approximately ₹2,75,000 per kg
- 925 Sterling Silver: Approximately ₹2,55,000 per kg (Estimated)
- Price per 10 Grams: ₹27,500
City-Wise Silver Rates (Per Gram & 10Gram)
Silver prices often fluctuate slightly between cities due to transportation costs and local levies. Below are the approximate rates for major Indian cities:
| City | 999 Silver (Per 10g) | Price Per kg (₹) |
| Delhi | ₹27,500 | ₹2,75,000 |
| Mumbai | ₹27,500 | ₹2,75,000 |
| Kolkata | ₹27,500 | ₹2,75,000 |
| Bengaluru | ₹27,500 | ₹2,75,000 |
| Chennai | ₹28,500 | ₹2,85,000 |
| Hyderabad | ₹28,500 | ₹2,85,000 |
Factors Influencing Silver Prices
Silver tends to be more volatile than gold due to its dual role as a precious metal and an industrial commodity. Key drivers include:
- Industrial Demand: Silver is essential in the production of solar panels, semiconductors, electronics, and medical devices. Increased industrial activity often pushes prices higher.
- Global Economic Trends: The strength of the US Dollar and geopolitical tensions significantly impact international silver spot prices.
- Domestic Demand: In India, demand for silver coins and utensils typically surges during the wedding season and major festivals like Dhanteras and Diwali.
Investment Tips
Experts suggest that for long-term investors, diversifying beyond physical silver into Silver ETFs (Exchange Traded Funds) or Digital Silver can be beneficial. these options offer guaranteed purity and eliminate the risks associated with storage and security.
Disclaimer: The silver rates provided in this article are for informational purposes only and have been compiled from reliable market sources. Actual prices in your city may vary based on local market conditions, making charges, GST, and other taxes. Please confirm the latest rates with a certified bullion dealer or jeweler before making any investment or purchase.
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