Silver Price Today, 3 April 2026: Silver prices have mirrored the gold pullback, retreating sharply from yesterday’s highs as geopolitical tensions showed signs of cooling. Internationally, spot silver is trading at approximately $72.48 per ounce, down 6.9% (–$5.37) in the latest session. Investors have recalibrated expectations for US interest rate cuts following resilient economic data, further pressuring the metal. In India, the domestic price for 999 fine silver has dropped to ₹2,50,000 per kilogram, a sharp reversal of ₹8,000 since yesterday—completely erasing the April 2 gains.
International Silver Rates
- Spot Silver: ~$72.48 per ounce (–6.9% / –$5.37)
- Market Drivers: Geopolitical de-escalation signals and resilient US economic data undermining safe-haven appeal
- Dual Role: Industrial demand provides some support, but sentiment-driven selling dominated the session
Domestic Silver Prices (India) – 3 April 2026
- 1 Gram: ₹250 (-₹8)
- 10 Grams: ₹2,500 (-₹80)
- 1 Kilogram: ₹2,50,000 (-₹8,000)
City-wise Silver Rates (per kg)
| City | Silver Rate |
|---|---|
| Mumbai | ₹2,50,000 |
| Delhi | ₹2,50,000 |
| Bangalore | ₹2,50,000 |
| Pune | ₹2,50,000 |
| Ahmedabad | ₹2,50,000 |
| Vadodara | ₹2,50,000 |
| Chennai | ₹2,57,000 |
| Hyderabad | ₹2,57,000 |
| Kerala | ₹2,57,000 |
Note: Southern markets continue to command a ₹7,000 premium per kg due to consistently higher local demand.
Indian Major Cities Silver Rates Today
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Mumbai | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Delhi | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Kolkata | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Bangalore | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Hyderabad | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Kerala | ₹2,599 | ₹25,990 | ₹2,59,900 |
| Pune | ₹2,499 | ₹24,990 | ₹2,49,900 |
| Ahmedabad | ₹2,499 | ₹24,990 | ₹2,49,900 |
Silver Rate in India for Last 10 Days (1 kg)
| Date | Rate | Daily Change |
|---|---|---|
| 03 Apr | ₹2,50,000 | -₹8,000 |
| 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 |
Key Market Insights
- MCX Performance: Silver futures for May delivery are trading near ₹2,41,450 per kg, reflecting bearish global sentiment and tracking international spot prices sharply lower
- Geopolitics: Signs of de-escalation in global tensions have reduced safe-haven demand, triggering a swift reversal from yesterday’s highs
- US Rate Outlook: Resilient US economic data has prompted investors to recalibrate expectations for Federal Reserve rate cuts, weighing on precious metals
- Volatility Check: Silver remains one of the most volatile assets in 2026—after gaining approximately 15% in late March, it has corrected significantly in the first days of April, highlighting the metal’s inherent price swings
Can Silver Prices Recover?
- Technical Levels: Key support at $70 per ounce; a sustained move back above $75 would indicate renewed bullish momentum
- Gold Correlation: Silver closely tracks gold—any recovery in gold following today’s pullback could lift silver in tandem
- Industrial Demand Floor: Ongoing demand from the electronics and solar energy sectors provides a fundamental price floor
- Investor Sentiment: Today’s steep decline may attract bargain buyers, particularly if geopolitical uncertainty re-emerges
Key Considerations for Investors
- GST: Physical silver purchases attract 3% GST over the prevailing rate
- Making Charges: For silverware and jewellery, making charges typically range from 5% to 25%
- Cost-Effective Alternatives: Silver ETFs such as Nippon India Silver ETF or ICICI Prudential Silver ETF offer better liquidity and avoid GST/making charges—a more practical option for short-term traders during volatile sessions
Disclaimer: Silver price in India is determined by international prices and currency movement. All rates are indicative and exclude GST and making charges.
