Silver Price Today, 13 April 2026: Silver prices are undergoing a sharp correction as the collapse of US-Iran peace talks in Islamabad has triggered a major “risk-off” push into the US dollar. While silver typically acts as a safe haven, it is currently being pressured by a surging dollar and profit-taking after its pre-talks rally. International spot silver has opened the week significantly lower as investors unwind optimism following the diplomatic stalemate. Domestic silver rates have mirrored the global trend, retreating from their weekend peaks as the MCX lower circuit was tested in early sessions.
Domestic Silver Prices (India) – 13 April 2026
Domestic silver rates have mirrored the global trend, retreating from their weekend peaks.
- 999 Pure Silver (Per Gram): ₹259.90 (-₹0.10)
- 999 Pure Silver (Per 10 Grams): ₹2,599 (-₹1)
- 999 Pure Silver (Per KG): ₹2,59,900 (-₹100)
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.
City-wise Silver Rates in India (Latest Update)
Silver prices across major Indian cities show slight variation, with southern markets continuing to trade at a premium compared to metro cities like Delhi and Mumbai. Below is the detailed city-wise breakdown of silver rates per 10 gram, 100 gram, and 1 kilogram.
Chennai Silver Rate Today
Chennai continues to remain one of the higher-priced southern markets.
10 gram: ₹2,649
100 gram: ₹26,490
1 kg: ₹2,64,900
Mumbai Silver Rate Today
Mumbai silver prices remain aligned with most northern metros.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Delhi Silver Rate Today
Delhi rates remain stable and match other major North Indian cities.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Kolkata Silver Rate Today
Kolkata continues to follow the standard metro pricing trend.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Bangalore Silver Rate Today
Bangalore prices remain consistent with other metro cities in the ₹2,599 range for 10 grams.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Hyderabad Silver Rate Today
Hyderabad reflects higher pricing, similar to other southern markets.
10 gram: ₹2,649
100 gram: ₹26,490
1 kg: ₹2,64,900
Kerala Silver Rate Today
Kerala continues to mirror southern premium pricing trends.
10 gram: ₹2,649
100 gram: ₹26,490
1 kg: ₹2,64,900
Pune Silver Rate Today
Pune prices remain in line with western metro cities.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Vadodara Silver Rate Today
Vadodara silver rates are consistent with Ahmedabad and other Gujarat cities.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Ahmedabad Silver Rate Today
Ahmedabad maintains stable silver pricing in the metro range.
10 gram: ₹2,599
100 gram: ₹25,990
1 kg: ₹2,59,900
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to hold a ₹5,000 premium over other metros.
International Silver Rates Today
- Spot Silver (XAG/USD): Trading near $73.58 – $75.02 per ounce
- Price Action: Prices are down between 1.6% and 3.5% in early Monday trade
- Market Drivers: The failure of negotiations led to an “absolute unwinding” of optimism, with capital flowing into the US Dollar Index, which gained as much as 0.5%
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 13 Apr 2026 | ₹2,59,900 | -₹100 |
| 12 Apr 2026 | ₹2,60,000 | 0 |
| 11 Apr 2026 | ₹2,60,000 | 0 |
| 10 Apr 2026 | ₹2,60,000 | +₹5,000 |
| 09 Apr 2026 | ₹2,55,000 | -₹5,000 |
| 08 Apr 2026 | ₹2,60,000 | +₹10,000 |
| 07 Apr 2026 | ₹2,50,000 | 0 |
| 06 Apr 2026 | ₹2,50,000 | 0 |
| 05 Apr 2026 | ₹2,50,000 | 0 |
| 04 Apr 2026 | ₹2,50,000 | 0 |
Impact of the Failed Islamabad Talks
Chokepoint Concerns
- The U.S. Navy has reportedly prepared a blockade of the Strait of Hormuz starting Monday morning (Eastern Time) after talks failed to address Iran’s nuclear program and the chokepoint’s closure
Oil & Inflation
- Brent crude jumped over 7.4% to $102.31 per barrel. High energy costs are fueling expectations that the Federal Reserve will hold interest rates steady or higher, which increases the opportunity cost of holding non-yielding silver
Volatility Outlook
- Analysts from JM Financial and City Index expect a highly turbulent week as markets track the “bad news” from the negotiations
MCX Performance
- MCX Silver Futures (May): Trading lower near ₹2,42,100 per kg, as the lower circuit was tested in early sessions
Market Summary
- Price Action: Silver is down between 1.6% and 3.5% in early Monday trade following the collapse of peace talks
- Market Sentiment: The failure of negotiations led to an “absolute unwinding” of optimism, with capital flowing into the US Dollar
- Key Drivers: Dollar dominance, Strait of Hormuz blockade concerns, and inflation fears are currently influencing prices
Can Silver Prices Rise Again?
- Technical Levels: Support at $73 per ounce; resistance at $76
- Geopolitical Factors: The reported U.S. Navy blockade of the Strait of Hormuz could renew safe-haven demand, though dollar strength is currently dominating
- Fed Rate Expectations: Rising oil prices could trigger inflation, potentially forcing central banks to keep rates higher
- Industrial Demand: Strong electronics and solar sector demand provides a long-term floor
- Regional Premiums: Southern markets command ₹5,000 premium due to higher local demand
Key Considerations for Buyers
- GST: 3% applicable on silver value
- Making Charges: Typically range from 5% to 25% for physical items
- Regional Premiums: Southern cities command higher rates due to increased cultural and industrial demand
Disclaimer: Silver price in India is determined by international prices and currency movement. All rates are indicative and exclude GST and making charges. Please check with local jewellers for exact pricing.
