Silver Price Today, 12 April 2026: Silver prices have maintained their gains from a volatile trading week, during which a two-week ceasefire and the subsequent start of peace talks in Islamabad significantly influenced global markets. International spot markets are closed for the weekend, but silver ended the week on a positive note, gaining approximately 1.6% to 2% over the week. The ceasefire announcement on 8 April initially cooled inflation worries by triggering a 15% drop in oil prices, leading to a relief rally in metals. However, the gain was partially tempered by the unwinding of some “safe-haven” premiums as diplomatic negotiations began. Domestic silver rates have held steady at their weekend levels, reflecting a general recovery in sentiment across major cities.
International Silver Rates
- Spot Silver (XAG/USD): ~$76.26 per ounce
- Weekly Trend: Silver gained approximately 1.6% to 2% over the week
- Market Sentiment: The ceasefire announcement on 8 April initially cooled inflation worries by triggering a 15% drop in oil prices, leading to a relief rally in metals. However, the gain was partially tempered by the unwinding of some “safe-haven” premiums as diplomatic negotiations began
Domestic Silver Prices (India) – 12 April 2026
Domestic silver rates have held steady at their weekend levels, reflecting a general recovery in sentiment across major cities.
- 999 Pure Silver (Per Gram): ₹260
- 999 Pure Silver (Per 10 Grams): ₹2,600
- 999 Pure Silver (Per KG): ₹2,60,000
Note: Final purchase prices at Indian retailers include 3% GST and additional making charges, which typically range from 5% to 25% depending on the design.
City-wise Silver Rates (per kg)
| City | Today’s Price (12 Apr) | Yesterday’s Price | Change |
|---|---|---|---|
| Delhi | ₹2,60,000 | ₹2,60,000 | 0 |
| Mumbai | ₹2,60,000 | ₹2,60,000 | 0 |
| Chennai | ₹2,65,000 | ₹2,65,000 | 0 |
| Bangalore | ₹2,60,000 | ₹2,60,000 | 0 |
| Hyderabad | ₹2,65,000 | ₹2,65,000 | 0 |
| Kolkata | ₹2,60,000 | ₹2,60,000 | 0 |
| Pune | ₹2,60,000 | ₹2,60,000 | 0 |
| Ahmedabad | ₹2,60,000 | ₹2,60,000 | 0 |
| Kerala | ₹2,65,000 | ₹2,65,000 | 0 |
| Gurgaon | ₹2,60,000 | ₹2,60,000 | 0 |
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to trade at a premium of ₹5,000 due to consistently higher regional demand.
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 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 |
| 03 Apr 2026 | ₹2,50,000 | 0 |
Peace Talks & Economic Impact
- Diplomatic Momentum: High-level talks in Pakistan have entered their second day (12 April), with the Iranian delegation presenting a 10-point framework
- Interest Rate Outlook: With energy prices cooling post-ceasefire, investors are betting the Federal Reserve may hold rates steady rather than hike them, which reduces the opportunity cost for non-yielding assets like silver
- Physical Supply: London vaults reported a 2.4% decline in silver holdings (to 27,065 tonnes) earlier this month, suggesting a tightening in physical availability that provides underlying price support
Market Summary
- Weekly Performance: Silver gained approximately 1.6% to 2% over the week
- Ceasefire Impact: The ceasefire announcement triggered a 15% drop in oil prices, initially cooling inflation worries and leading to a relief rally in metals
- Key Drivers: Relief from falling oil prices supported metals, though safe-haven premiums unwound as diplomatic negotiations began
- MCX Performance: May futures were last seen trading near ₹2,43,000 per kg as the week closed
Can Silver Prices Rise Again?
- Technical Levels: Support at $75 per ounce; resistance at $78
- Peace Talks Outcome: Any breakdown in negotiations could renew safe-haven demand
- Fed Rate Expectations: Cooling energy prices may lead to steady or lower rates, a positive for silver
- Physical Supply: Declining vault holdings suggest tightening physical availability, providing price support
- 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.
