In the Indian bullion market, silver (Chandi) is considered not just a symbol of prosperity but also a highly secure investment avenue. A major driving factor for silver is its rapidly growing demand in modern tech industries (such as solar energy, electric vehicles, and semiconductors), moving well beyond traditional jewelry and religious artifacts.
Today, on June 5, 2026, the domestic silver market is witnessing a slight dip or consolidation. This trend is primarily influenced by sluggish cues from the global market (COMEX) and the performance of the Indian Rupee against the US Dollar. If you are planning to buy silver coins, utensils, or jewelry this wedding season, it is highly recommended to check today’s latest prices before making a purchase.
Silver Prices in Major Indian Cities Today (Per KG and Grams)
Local octroi, state government taxes, and regional bullion association demands often cause slight variations in silver prices across different cities. The data below represents the latest estimated rates based on 999 purity:
| City | Per 10 Grams | Per 100 Grams | Per 1 Kilogram (1 KG) |
| Mumbai | ₹2,800 – ₹2,830 | ₹28,000 – ₹28,300 | ₹2,80,000 – ₹2,83,000 |
| Delhi | ₹2,800 – ₹2,830 | ₹28,000 – ₹28,300 | ₹2,80,000 – ₹2,83,000 |
| Bengaluru | ₹2,800 – ₹2,830 | ₹28,000 – ₹28,300 | ₹2,80,000 – ₹2,83,000 |
| Kolkata | ₹2,800 – ₹2,850 | ₹28,000 – ₹28,500 | ₹2,80,000 – ₹2,85,000 |
| Hyderabad | ₹2,850 – ₹2,880 | ₹28,500 – ₹28,800 | ₹2,85,000 – ₹2,88,000 |
| Chennai | ₹2,850 – ₹2,900 | ₹28,500 – ₹29,000 | ₹2,85,000 – ₹2,90,000 |
Market Trend: Silver demand is traditionally and industrially higher in Southern states (like Chennai and Hyderabad), which is why prices there tend to remain slightly elevated compared to markets like Delhi and Mumbai.
All-India Average Estimated Prices:
- 1 Gram: ₹280 to ₹285
- 10 Grams: ₹2,800 to ₹2,850
- 1 Kilogram (1 KG): ₹2,80,000 to ₹2,85,000
Key Factors Driving Silver Prices Today
According to commodity market experts, four major factors dictate the movement of silver:
- Surge in Industrial Demand: Silver is heavily consumed globally in green energy (solar panels) and semiconductor chip manufacturing. This industrial backing provides strong underlying support to its prices.
- Correlation with Gold: In international markets, silver generally mimics the price trajectory of gold. Major fluctuations in gold usually trigger a similar directional move in silver.
- Dollar Index and the Rupee: Since India imports the majority of its silver requirements, the exchange rate of the Indian Rupee against the US Dollar instantly impacts local retail prices.
- Geopolitical Events: Any political or economic crisis on a global scale attracts investors toward safe-haven assets, significantly boosting the demand for precious metals like silver.
Crucial Things to Keep in Mind While Buying Silver (Expert Insights)
- Check for BIS Hallmark: Just like gold, it is essential to look for the Bureau of Indian Standards (BIS) hallmark to ensure the absolute purity of your silver. Always purchase from authorized and reputed jewelers.
- Making Charges and Refund Policy: Jewelers levy separate making charges on silver utensils or ornaments. Before buying, always clarify the resale or exchange value you will receive in the future.
- Digital Investment Alternatives: If you want to avoid the risks associated with storing physical silver at home, Silver ETFs (Exchange Traded Funds) or digital silver are excellent modern alternatives. They track live market prices and involve zero making charges.
Note: Prices continuously update after the market closes and during international trading sessions. Therefore, always cross-verify the current rates with your local bullion market or an authentic live ticker before finalizing a large transaction.
Disclaimer:
This article is curated for general informational and educational purposes only. The silver rates provided here are aggregated from various reliable public sources on the internet (such as Goodreturns, LiveMint, etc.). These rates do not include local 3% GST, making charges, or other state taxes. Investments in the commodity market are subject to financial risks. Always consult with a certified financial advisor before making any significant financial investment or purchase.
