Silver Price Today, 16 April 2026: Silver prices have rebounded sharply in both international and domestic Indian markets. Optimism surrounding revised US-Iran peace talks—with a proposed two-week ceasefire extension—has lowered oil prices and calmed inflation concerns, boosting sentiment for precious metals. Global spot silver has climbed to near one-month highs as investors weigh the prospects of a diplomatic breakthrough in Pakistan. In India, domestic rates saw a significant jump of approximately ₹15,000 per kg today, reflecting the strong global rally.
Domestic Silver Prices (India) – 16 April 2026
In India, domestic rates saw a significant jump of approximately ₹15,000 per kg today, reflecting the strong global rally.
- 999 Pure Silver (Per Gram): ₹270.10 (+₹0.10)
- 999 Pure Silver (Per 10 Grams): ₹2,701 (+₹1)
- 999 Pure Silver (Per KG): ₹2,70,100 (+₹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: ₹2,751 | 100 gram: ₹27,510 | 1 kg: ₹2,75,100
Mumbai Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Delhi Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Kolkata Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Bangalore Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Hyderabad Silver Rate Today
- 10 gram: ₹2,751 | 100 gram: ₹27,510 | 1 kg: ₹2,75,100
Kerala Silver Rate Today
- 10 gram: ₹2,751 | 100 gram: ₹27,510 | 1 kg: ₹2,75,100
Pune Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Vadodara Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
Ahmedabad Silver Rate Today
- 10 gram: ₹2,701 | 100 gram: ₹27,010 | 1 kg: ₹2,70,100
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 $79.87 – $83.57 per ounce
- Trend: Up approximately 0.4% in recent sessions, climbing to near one-month highs
- Market Drivers: A weaker US dollar has made silver more affordable for international buyers, while high industrial demand continues to provide structural support
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 16 Apr 2026 | ₹2,70,100 | +₹100 |
| 15 Apr 2026 | ₹2,70,000 | +₹15,000 |
| 14 Apr 2026 | ₹2,55,000 | 0 |
| 13 Apr 2026 | ₹2,55,000 | -₹5,000 |
| 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 |
Peace Talk Impact & Drivers
Diplomatic Progress
- Mediators are reportedly considering a two-week ceasefire extension, which has reduced safe-haven flows into the US dollar and shifted interest back to silver
Inflation & Rates
- Falling oil prices (now below $100) have eased inflation risks, leading traders to increase bets on potential Federal Reserve rate cuts later this year
Technical Outlook
- Analysts at Prithvi Finmart suggest a bullish breakout for silver, identifying key resistance at ₹2,56,600 – ₹2,61,200 on the MCX
MCX Performance
- MCX Silver Futures: Rose by 0.8% to trade near ₹2,54,955 per kg
Can Silver Prices Rise Again?
- Technical Levels: Support at $78 per ounce; resistance at $85
- Peace Talks Outcome: Progress in ceasefire extension could boost sentiment further
- Fed Rate Expectations: Falling oil prices have increased bets on potential rate cuts, a positive for silver
- 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.
