The Indian bullion market continues to witness dynamic shifts in precious metal prices. Today, June 07, 2026, silver is trading with slight depreciation and partial recovery in the domestic markets. Compared to gold, silver has historically been a highly volatile metal because its pricing is driven not just by jewelry demand, but heavily by global industrial consumption.
Trends in the international commodity market (COMEX), the performance of the US Dollar against the Indian Rupee (USD/INR), and manufacturing sector demands are the primary drivers of today’s rates. Whether you are planning to invest in silver or purchase traditional jewelry and silverware, understanding the latest city-wise rates and the underlying market fundamentals is crucial.
City-Wise Silver Rates in India (07 June 2026)
The table below outlines the estimated prices for 999 purity (pure silver) per 10 grams and per 1 kilogram across major Indian metropolitan cities.
(Note: These prices are indicative base rates. When purchasing jewelry or silverware, local bullion dealers will additionally apply making charges, a mandatory 3% GST, and other regional levies.)
| City Name | Silver Price (Per 10 Grams) | Silver Price (Per 1 Kilogram) |
| Mumbai | ₹2,490 – ₹2,650 | ₹2,49,000 – ₹2,65,000 |
| Delhi | ₹2,488 – ₹2,650 | ₹2,48,800 – ₹2,65,000 |
| Chennai | ₹2,510 – ₹2,700 | ₹2,51,000 – ₹2,70,000 |
| Kolkata | ₹2,500 – ₹2,650 | ₹2,50,000 – ₹2,65,800 |
| Bengaluru | ₹2,488 – ₹2,650 | ₹2,48,800 – ₹2,65,000 |
| Hyderabad | ₹2,490 – ₹2,650 | ₹2,49,000 – ₹2,65,000 |
| Ahmedabad | ₹2,490 – ₹2,650 | ₹2,49,000 – ₹2,65,000 |
Market Insight: Typically, silver prices in Chennai and other major South Indian hubs trend slightly higher than in Delhi and Mumbai due to regional taxation structures, logistics costs, and robust local demand.
Recent Market Trends (June 2026)
A close analysis of the data from the first week of June 2026 reveals significant price fluctuations in silver. At the beginning of the month, silver was trading near record highs of ₹2,65,000 to ₹2,80,000 per kilogram. However, recent sessions have witnessed price corrections—driven by global profit booking and a strengthened US Dollar index—bringing the rates down to a more consolidated range of ₹2,48,000 to ₹2,65,000.
Currently, the average retail price for physical silver hovers between ₹250 and ₹290 per gram. This recent dip presents a strategic buying opportunity for retail buyers and investors who have been waiting for prices to cool down from their peak levels.
Key Factors Driving Silver Price Fluctuations
Silver is uniquely positioned as a “hybrid” precious metal. It serves dual purposes as an investment asset and a critical industrial raw material. The primary catalysts behind its price movements include:
- Industrial Demand: Nearly half of the global silver supply is consumed by industrial applications. The manufacturing of solar panels, 5G infrastructure, Electric Vehicles (EVs), and consumer electronics relies heavily on silver. Surges in green energy and tech manufacturing directly propel silver prices upward.
- International Markets and the US Dollar: Silver futures on the COMEX and the strength of the US Dollar have an inverse relationship with silver prices. While a stronger dollar makes silver cheaper internationally, a weaker Indian Rupee makes importing the metal more expensive for the domestic market.
- Geopolitical Uncertainties: Similar to gold, silver acts as a safe-haven asset during times of global conflict or economic instability. Investors migrate from volatile equity markets to precious metals, spiking demand.
- Domestic Demand and Seasonality: In India, retail demand for physical silver—in the form of jewelry, coins, and utensils—spikes dramatically during wedding seasons and major festivals like Diwali and Dhanteras, causing localized price surges.
Expert Tips for Silver Buyers and Investors
- Always Check for Hallmarking: Whether purchasing jewelry or utensils, always insist on buying hallmarked silver. This serves as the authentic government guarantee of the metal’s purity.
- Consider Alternative Investments: If your primary goal is capital appreciation rather than acquiring physical items, consider investing in Silver ETFs (Exchange Traded Funds) or commodity market options. This eliminates hefty making charges and the security risks associated with storing physical silver at home.
- Compare Making Charges: Making charges on silver items can vary significantly depending on the intricacy of the design and the retailer. Always compare the rates and making charges across different jewelers before finalizing a transaction.
Disclaimer:
This news article is crafted for informational and educational purposes only, based on independent market research and various financial reports. It does not constitute professional financial or investment advice. The precious metals market is highly volatile, and prices can fluctuate by the hour. Readers are strongly advised to consult certified financial advisors and verify real-time live rates, making charges, and applicable taxes (GST) with local authorized bullion dealers before making any significant investment or purchasing decisions.
