Silver Rate Today [13 April, 2026]: Silver Crashes to $73.58 as Peace Talks Collapse, Dollar Surges; Domestic Rates Dip to ₹2.59 Lakh/kg | Check City-Wise Rates

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.

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%

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 (per kg)

Note: Southern markets (Chennai, Hyderabad, Kerala) continue to hold a ₹5,000 premium over other metros.

Silver Rate in India for Last 10 Days (1 kg)

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.