Silver Rate Today (4 June 2026): Silver Prices Stabilize in India; Check 1 Kg Rates in Delhi, Mumbai, Chennai, and Other Cities
NEW DELHI: The Indian bullion market is witnessing a phase of consolidation today, June 4, 2026, with silver prices showing stability and a slight downward bias. Driven by global commodity trends, fluctuations in the US Dollar index, and robust industrial demand, the white metal is trading within a tight, range-bound bracket.
According to market experts, the average retail price for 999 purity silver currently stands between ā¹280 and ā¹290 per gram, translating to ā¹2,80,000 to ā¹2,90,000 per kilogram. However, final retail prices may vary slightly across different states due to local premiums, transportation costs, and state-specific taxes.
City-Wise Silver Rates Today (Per Kilogram)
Based on the morning live updates from various bullion associations and commodity markets, here are the estimated retail prices for 1 kg of silver across major Indian cities:
| City | Estimated Price Range (Per Kg) | Market Trend |
| Delhi (NCR) | ā¹2,80,000 ā ā¹2,85,000 | Stable |
| Mumbai | ā¹2,80,000 ā ā¹2,85,000 | Stable (Historically lower premium) |
| Chennai | ā¹2,90,000 ā ā¹2,95,000+ | High (Driven by strong traditional demand) |
| Kolkata | ā¹2,80,000 ā ā¹2,85,000 | Stable |
| Bengaluru / Hyderabad | ā¹2,85,000 ā ā¹2,90,000 | Moderate Premium |
Other Regional Markets: Cities like Ahmedabad, Lucknow, and Jaipur are mirroring Delhi’s pricing (around ā¹2,80,000 to ā¹2,85,000). Conversely, rates in Kochi and other parts of Kerala remain on the higher end, closely following the Chennai market.
Average Silver Rates by Weight (999 Purity)
For retail consumers looking to purchase smaller quantities, the average benchmark rates are as follows:
- 1 Gram: ā¹280 ā ā¹290
- 10 Grams: ā¹2,800 ā ā¹2,900
- 100 Grams: ā¹28,000 ā ā¹29,000
Key Factors Influencing Silver Prices
Commodity analysts suggest that the current pricing dynamics of silver are being shaped by three primary factors:
- Global and Industrial Demand: Trends in the international market (COMEX) and surging industrial applicationsāparticularly in solar panels, EV manufacturing, and electronicsāare providing strong support to silver prices.
- Geopolitics and the US Dollar: Ongoing geopolitical uncertainties and the strength or weakness of the US Dollar Index directly impact international commodity valuations.
- Domestic Triggers: The exchange rate of the Indian Rupee (INR) against the dollar, import duties, and local retail demand during wedding and festive seasons significantly dictate domestic landing costs.
Expert Tips for Buyers and Investors
- Check for Purity: When buying physical silver (coins or bars), always insist on 999 BIS Hallmark certification to ensure maximum purity. For heavy jewelry like anklets or utensils, slightly lower purity alloys are standard.
- Smart Investment Alternatives: If your primary goal is financial returns, consider investing in Silver ETFs or Silver Futures instead of physical silver to avoid paying hefty making charges and storage costs.
- Long-Term Outlook: Despite short-term volatility, the long-term outlook for silver remains highly positive, largely fueled by its irreplaceable role in growing green energy and tech industries.
Disclaimer:
This news report has been compiled for informational purposes only, based on estimated and live morning rates sourced from various regional bullion associations and commodity platforms. The prices listed are indicative and do not include GST, making charges, or other local levies. Consumers and investors are strongly advised to verify the latest market rates with certified local jewelers or financial advisors before making any significant purchase or investment.
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