Silver Price Today, 03 May 2026: Silver markets on May 03, 2026, reflect strong upward momentum in India and selective global gains. Domestic prices have crossed ₹2,65,000 per kg, driven by industrial demand, currency fluctuations and inflation-linked buying where as Volatility remains high as global macroeconomic signals continue shaping short-term price movement.
Domestic Silver Prices (India) – 03 May 2026
- 999 Pure Silver 1 gram: ₹265 (+₹10)
- 999 Pure Silver 10 grams: ₹2,650 (+₹100)
- 999 Pure Silver 100 grams: ₹26,500 (+₹1,000)
- 999 Pure Silver 1 kg: ₹2,65,000 (+₹10,000)
- Trend: Strong bullish momentum
Note: Final purchase prices at retailers will include 3% GST and additional making charges, which typically range from 5% to 25% for physical silver items.
Check City-Wise Silver Rate Today (Latest Update)
Delhi Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Stable upward movement
Mumbai Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Consistent demand
Chennai Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Trend: Premium pricing due to higher demand
Bangalore Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Stable market
Hyderabad Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Trend: Strong buying interest
Kolkata Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Stable
Kerala Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Trend: High retail demand
Pune Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Balanced
Ahmedabad Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Stable
Vadodara Silver Rate Today
- 10g: ₹2,650
- 100g: ₹26,500
- 1kg: ₹2,65,000
- Trend: Mild bullish
Jaipur Silver Rate Today
- 10g: ₹2,660
- 100g: ₹26,600
- 1kg: ₹2,66,000
- Trend: Seasonal demand boost
Lucknow Silver Rate Today
- 10g: ₹2,655
- 100g: ₹26,550
- 1kg: ₹2,65,500
- Trend: Stable upward bias
International Silver Rates Today
- Spot Silver: $29–$31 per ounce
- Weekly movement: +2% volatility range
- Trend: Mild bullish consolidation
- US dollar impact: Limits upside gains
- Industrial demand share: 55% of global silver use
- Inflation factor: Supports long-term demand
Major Indian Silver City Rates
| City | 10g | 100g | 1 kg |
| Delhi | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Mumbai | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Chennai | ₹2,700 | ₹27,000 | ₹2,70,000 |
| Bangalore | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Hyderabad | ₹2,700 | ₹27,000 | ₹2,70,000 |
| Kolkata | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Kerala | ₹2,700 | ₹27,000 | ₹2,70,000 |
| Pune | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Ahmedabad | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Vadodara | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Jaipur | ₹2,660 | ₹26,600 | ₹2,66,000 |
| Lucknow | ₹2,655 | ₹26,550 | ₹2,65,500 |
| Noida | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Gurugram | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Ghaziabad | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Faridabad | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Surat | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Indore | ₹2,650 | ₹26,500 | ₹2,65,000 |
| Bhopal | ₹2,650 | ₹26,500 | ₹2,65,000 |
Note: Rates are indicative retail averages and may vary by jeweller, making charges, GST and locality.
Major Countries Silver Rates Today
| Country | Local Price | INR Equivalent (Approx.) |
| USA | $950 | ₹79,000 |
| UK | £750 | ₹78,500 |
| UAE | AED 3,450 | ₹78,800 |
| Saudi Arabia | SAR 3,500 | ₹79,200 |
| Qatar | QAR 3,420 | ₹78,900 |
| Kuwait | KWD 75.20 | ₹79,500 |
| Bahrain | BHD 77.10 | ₹78,600 |
| Oman | OMR 78.40 | ₹78,700 |
| Singapore | SGD 1,020 | ₹79,800 |
| Australia | AUD 1,150 | ₹80,200 |
| Canada | CAD 1,080 | ₹79,600 |
| New Zealand | NZD 1,200 | ₹79,300 |
| China | CNY 6,800 | ₹78,400 |
| Japan | JPY 11,500 | ₹78,200 |
| South Korea | KRW 1,05,000 | ₹78,900 |
| Germany | EUR 720 | ₹78,600 |
| France | EUR 720 | ₹78,600 |
| Russia | RUB 85,000 | ₹77,900 |
| Pakistan | PKR 2,20,000 | ₹78,300 |
| Bangladesh | BDT 90,000 | ₹77,800 |
| Sri Lanka | LKR 2,30,000 | ₹78,100 |
| Nepal | NPR 1,10,000 | ₹79,400 |
| Turkey | TRY 28,500 | ₹78,700 |
Note: Rates are indicative market prices and may vary by taxes, premiums, exchange rates and local dealer charges.
Silver Rate in India (Last 10 Days – 1 kg)
| Date | Price |
| May 02 | ₹2,65,000 |
| May 01 | ₹2,55,000 |
| Apr 30 | ₹2,50,000 |
| Apr 29 | ₹2,55,000 |
| Apr 28 | ₹2,60,000 |
| Apr 27 | ₹2,60,000 |
| Apr 26 | ₹2,60,000 |
| Apr 25 | ₹2,60,000 |
| Apr 24 | ₹2,59,900 |
| Apr 23 | ₹2,60,000 |
Silver Price Movement in April 2026
| Metric | Value |
| Start Price | ₹2,55,000 per kg |
| End Price | ₹2,50,000 per kg |
| Highest Price | ₹2,75,000 per kg |
| Lowest Price | ₹2,50,000 per kg |
| Monthly Trend | -1.96% decline |
| Market Outlook | Weak correction after volatile gains |
Silver Price Movement in March 2026
| Metric | Value |
| Opening Range | ₹2,45,000 per kg |
| Closing Range | ₹2,55,000 per kg |
| Peak Level | ₹2,60,000 per kg |
| Market Trend | Recovery phase |
| Overall Movement | Mild bullish recovery with intermittent volatility |
| Key Driver | Industrial demand and inflation-led buying support |
MCX Performance
- MCX silver trading around ₹75,000–₹77,000 per kg equivalent
- Volatility with high intraday swings
- Trend as bullish recovery after correction
- Open interest with strong trader participation
Oil & Inflation
- Brent Crude Oil around $100–$116 per barrel (2026 range), showing high volatility
- WTI Crude Oil around $95–$112 per barrel, tracking global supply risks
- Weekly oil movement fluctuating 2%–5% intraday swings due to geopolitical tensions
- Fuel cost rise transportation and logistics costs up by 8%–12% in many regions
- Crude oil above $100 per barrel
- Inflation pressure rising globally
- Industrial demand boosting silver usage
- Energy cost increases affecting commodities
Market Summary
- Silver remains volatile but bullish
- Industrial demand strong globally
- Currency fluctuations impact pricing
- India shows consistent retail buying support
Can Silver Prices Rise Again?
Yes, silver prices can rise again with current levels near ₹2,65,000 per kg in India and global spot silver around $30/oz, demand from industry, solar energy and inflation hedge buying supports upside. Analysts expect 5–10% medium-term gains if dollar weakens and industrial demand remains strong.
Key Considerations for Buyers
- Track MCX volatility before entry
- Monitor US dollar and inflation trends
- Consider long-term industrial demand growth
- Compare physical vs ETF investment options
- Avoid short-term panic buying
ALSO READ: Silver Price Today [01 May, 2026]: Silver Surges to $74 as Peace Talks Collapse, Dollar Rises; Domestic Rates Climbs Near ₹2.70 Lakh/kg | Check City-Wise Rates
Disclaimer: Silver rates are indicative and exclude GST/TCS/levies. Final purchase prices include 3% GST and making charges. Please verify with local jewellers for exact pricing.
