Silver Rate Today: May 5, 2026 – Latest Silver Prices in Delhi, Mumbai, Jaipur, and Other Major Cities
The Indian bullion market is witnessing a period of relative stability with minor fluctuations in silver prices today, May 5, 2026. Driven by industrial demand in global markets and the performance of the Indian Rupee against the Dollar, silver prices continue to hover around historic highs. If you are planning to purchase silver for investment or jewelry, understanding these latest market trends is essential.
Average Silver Price in India Today (Per Kg)
Today, across the various bullion markets in the country, the average price of silver is trading between ₹2,60,000 and ₹2,65,000 per kilogram. In the retail market, the price of silver per gram is approximately ₹260 to ₹265.
Latest Silver Rates in Major Cities (May 5, 2026)
The table below provides the estimated prices for silver across major metropolitan areas and key cities in India:
| City | Per 10 Grams (Estimated) | Per 1 Kilogram (Estimated) |
|---|---|---|
| Delhi | ₹2,600 – ₹2,650 | ₹2,60,000 – ₹2,65,000 |
| Mumbai | ₹2,550 – ₹2,650 | ₹2,55,000 – ₹2,65,000 |
| Kolkata | ₹2,550 – ₹2,650 | ₹2,55,000 – ₹2,65,000 |
| Chennai | ₹2,600 – ₹2,650 | ₹2,60,000 – ₹2,65,000 |
| Bengaluru | ₹2,650 | ₹2,65,000 |
| Hyderabad | ₹2,550 – ₹2,650 | ₹2,55,000 – ₹2,65,000 |
| Jaipur | ₹2,500 – ₹2,650 | ₹2,50,000 – ₹2,65,000 |
(Note: These prices do not include local VAT, making charges, or the 3% GST, which may cause variations in the final price in your specific city.)
Market Analysis & Expert Insight
Three primary factors are currently influencing the movement of silver prices in 2026:
- Industrial Demand: Increasing consumption of silver in solar panels, electric vehicles (EVs), and the electronics sector is providing strong support to the prices.
- Global Trends: Silver prices in international markets (COMEX) and the interest rate decisions of the U.S. Federal Reserve have a direct impact on the domestic Indian market.
- Rupee Strength: The exchange rate of the Indian Rupee against the U.S. Dollar determines the actual landed cost of imported silver.
Useful Tips for Buyers
- Verify Purity: Always opt for hallmarked silver or certified coins to ensure you are getting the correct purity.
- Making Charges: Labor or making charges for silver jewelry can vary significantly between stores; it is advisable to compare rates from trusted jewelers.
- Investment Alternatives: Apart from physical silver, Digital Silver or Silver ETFs (Exchange Traded Funds) are excellent, secure options for long-term investment.
Important Disclaimer: This article is prepared for informational purposes only. Silver prices can change multiple times a day based on market conditions and international volatility. Before making any actual transaction or investment, please verify the latest rates with your local jeweler, bullion association, or an authorized financial advisor.
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