Silver Price Today, 10 April 2026: Silver prices have cooled slightly following an initial sharp rally triggered by the US-Iran ceasefire announcement. While prices hit a peak on Wednesday, a correction has set in as markets reassess the fragile truce and investors lock in profits. Profit booking has set in due to “ongoing sporadic fighting” and reports of ceasefire violations, which keep investors cautious. In the domestic market, silver prices have decreased by ₹5,000 per kg today, retreating from the record highs reached on Wednesday.
International Silver Rates
- Spot Silver (XAG/USD): Currently trading around $74.22 – $75.33 per ounce
- Performance: Prices rose approximately 0.14% in the latest session, though they remain significantly lower than the January 2026 record of $121.64
- Market Trend: The market is seeing a period of consolidation as geopolitical risk premiums fluctuate
- Technical Levels: Immediate support is noted at $72.00, with resistance at $78.00
Domestic Silver Prices (India) – 10 April 2026
In the domestic market, silver prices have decreased by ₹5,000 per kg today, retreating from the record highs reached on Wednesday.
- 999 Pure Silver (Per Gram): ₹255 (-₹5)
- 999 Pure Silver (Per KG): ₹2,55,000 (-₹5,000)
Note: These retail rates are subject to an additional 3% GST and making charges for physical items (typically 5%–25%).
City-wise Silver Rates (per kg)
| City | Today’s Price (10 Apr) | Daily Change | Status |
|---|---|---|---|
| New Delhi | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Mumbai | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Chennai | ₹2,60,000 | ▼ ₹5,000 | Premium market |
| Bangalore | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Hyderabad | ₹2,60,000 | ▼ ₹5,000 | Premium market |
| Kolkata | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Pune | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Ahmedabad | ₹2,55,000 | ▼ ₹5,000 | Correction |
| Kerala | ₹2,60,000 | ▼ ₹5,000 | Premium market |
| Vadodara | ₹2,55,000 | ▼ ₹5,000 | Correction |
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to hold a premium of ₹5,000 due to consistently higher local demand.
Indian Major Cities’ Silver Rates Today (per kg)
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,600 | ₹26,000 | ₹2,60,000 |
| Mumbai | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Delhi | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Kolkata | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Bangalore | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Hyderabad | ₹2,600 | ₹26,000 | ₹2,60,000 |
| Kerala | ₹2,600 | ₹26,000 | ₹2,60,000 |
| Pune | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Vadodara | ₹2,550 | ₹25,500 | ₹2,55,000 |
| Ahmedabad | ₹2,550 | ₹25,500 | ₹2,55,000 |
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 10 Apr 2026 | ₹2,55,000 | -₹5,000 |
| 09 Apr 2026 | ₹2,60,000 | +₹10,000 |
| 08 Apr 2026 | ₹2,50,000 | 0 |
| 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 |
| 03 Apr 2026 | ₹2,50,000 | 0 |
| 02 Apr 2026 | ₹2,50,000 | -₹5,000 |
| 01 Apr 2026 | ₹2,55,000 | +₹5,000 |
Market Impact Analysis
Ceasefire Vulnerability
- Profit booking has set in due to “ongoing sporadic fighting” and reports of ceasefire violations, which keep investors cautious
- The fragile nature of the two-week truce has led to market reassessment
Oil & Inflation
- The 16–20% crash in crude oil following the truce announcement has eased energy-driven inflation fears, leading to expectations that the US Federal Reserve may hold rates steady
- Lower energy costs could allow for a more dovish central bank stance, which historically benefits silver
MCX Performance
- MCX Silver Futures are trading near ₹2,46,052 per kg, having previously surged over 6% following the ceasefire
Can Silver Prices Rise Again?
- Technical Levels: Support at $72 per ounce; resistance at $78
- Ceasefire Duration: The two-week window is temporary; any breakdown could renew safe-haven demand
- Fed Rate Expectations: Easing inflation from lower oil prices could lead to 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.
