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Silver Price Today, 2 April 2026: Silver prices have mirrored the gold rally, posting significant gains as the precious metal benefits from its dual role as a safe-haven asset and an industrial metal. Internationally, spot silver is trading at approximately $77.85 per ounce, up 3.6% in the latest session. In India, the domestic price for 999 fine silver has climbed to ₹2.58 lakh per kilogram, a sharp increase of ₹8,000 since yesterday.
International Silver Rates
- Spot Silver: ~$77.85 per ounce (+3.6%)
- Market Drivers: Weaker US dollar and rising demand in the electronics sector
- Dual Role: Benefiting from both safe-haven appeal and industrial demand
Domestic Silver Prices (India) – 2 April 2026
- 1 Gram: ₹258 (+₹8)
- 10 Grams: ₹2,580 (+₹80)
- 1 Kilogram: ₹2,58,000 (+₹8,000)
City-wise Silver Rates (per kg)
| City | Silver Rate |
|---|---|
| Mumbai | ₹2,58,000 |
| Delhi | ₹2,58,000 |
| Bangalore | ₹2,58,000 |
| Pune | ₹2,58,000 |
| Ahmedabad | ₹2,58,000 |
| Vadodara | ₹2,58,000 |
| Chennai | ₹2,65,000 |
| Hyderabad | ₹2,65,000 |
| Kerala | ₹2,65,000 |
Note: Southern markets command a premium of ₹7,000+ per kg due to higher local demand.
Indian Major Cities Silver Rates Today
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Mumbai | ₹2,551 | ₹25,510 | ₹2,55,100 |
| Delhi | ₹2,551 | ₹25,510 | ₹2,55,100 |
| Kolkata | ₹2,551 | ₹25,510 | ₹2,55,100 |
| Bangalore | ₹2,551 | ₹25,510 | ₹2,55,100 |
| Hyderabad | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Kerala | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Pune | ₹2,551 | ₹25,510 | ₹2,55,100 |
| Ahmedabad | ₹2,551 | ₹25,510 | ₹2,55,100 |
Silver Rate in India for Last 10 Days (1 kg)
| Date | Rate | Daily Change |
|---|---|---|
| 02 Apr | ₹2,58,000 | +₹8,000 |
| 01 Apr | ₹2,50,000 | +₹5,000 |
| 31 Mar | ₹2,45,000 | 0 |
| 30 Mar | ₹2,45,000 | 0 |
| 29 Mar | ₹2,45,000 | 0 |
| 28 Mar | ₹2,45,000 | +₹5,000 |
| 27 Mar | ₹2,40,000 | -₹10,000 |
| 26 Mar | ₹2,50,000 | 0 |
| 25 Mar | ₹2,50,000 | +₹15,000 |
| 24 Mar | ₹2,35,000 | +₹5,000 |
Key Market Drivers
- MCX Performance: Silver futures for May delivery trading near ₹2,49,850 per kg, gaining momentum after a heavy correction in March
- US Dollar Weakness: A softer dollar is boosting all precious metals
- Industrial Demand: Rising demand in the electronics sector is providing additional support
- Historical Context: Silver is recovering from March lows of roughly ₹2,35,000, having fallen nearly 16% from early 2026 peaks
Can Silver Prices Rise Further?
- Technical Levels: Next resistance at $80 per ounce; support at $75
- Gold Correlation: Silver typically follows gold’s lead; gold’s record rally is supportive
- Industrial Demand: Strong electronics and solar sector demand provides a floor
- Market Sentiment: Investors pivoting back to precious metals after March correction
Key Considerations for Investors
- GST: Physical silver purchases attract 3% GST
- Cost-Effective Options: Silver ETFs or digital silver offer more cost-effective entry points for short-term traders
- Making Charges: For physical items, charges range from 5% to 25%
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.
