Silver Price Today, 7 April 2026: Silver prices have seen a slight downward trend internationally, while domestic Indian prices remain largely stable compared to the previous day. Global spot silver is currently trading around $72.98 per ounce, down over 20% from the January 2026 all-time high of ~$121.64, pressured by a strengthening US dollar and shifting Federal Reserve signals. In India, average domestic prices for 999 fine silver are holding steady across most major cities, with a marginal dip of ₹100 per kg.
International Silver Rates
- Spot Silver: ~$72.98 per ounce | ~$2.35 per gram | ~$2,347.65 per kilogram
- Market Trend: Prices are down over 20% from the January 2026 all-time high of ~$121.64, pressured by a strengthening US dollar and shifting Federal Reserve signals
- Market Sentiment: A stronger dollar and cautious Fed outlook continue to weigh on silver prices
Silver (SIW00) Price Chart
- Open: $72.86 | High: $73.51 | Low: $72.83
- Previous Close: $72.85 | Volume: 472 | Open Interest: 71,054
- Daily Change: +0.18%
Domestic Silver Prices (India) – 7 April 2026
Domestic prices remain largely stable, with a marginal dip of ₹100 per kg.
- 1 Gram: ₹249.90
- 10 Grams: ₹2,499
- 1 Kilogram: ₹2,49,900
Note: These retail prices typically exclude 3% GST and additional making charges for physical items, which often range from 5% to 25%.
City-wise Silver Rates (per kg)
New Delhi
- Silver Rate: ₹2,49,900 | Change: -₹100
Mumbai
- Silver Rate: ₹2,49,900 | Change: -₹100
Chennai
- Silver Rate: ₹2,60,100 | Change: +₹5,000 (premium market)
Bangalore
- Silver Rate: ₹2,49,900 | Change: -₹100
Hyderabad
- Silver Rate: ₹2,60,100 | Change: 0 (premium market)
Kolkata
- Silver Rate: ₹2,49,900 | Change: -₹100
Pune
- Silver Rate: ₹2,49,900 | Change: -₹100
Ahmedabad
- Silver Rate: ₹2,49,900 | Change: -₹100
Kerala
- Silver Rate: ₹2,60,100 | Change: 0 (premium market)
Vadodara
- Silver Rate: ₹2,49,900 | Change: -₹100
Major Cities Silver Rates Today (per kg)
| City | Silver Rate |
|---|---|
| Chennai | ₹2,60,100 |
| Hyderabad | ₹2,60,100 |
| Kerala | ₹2,60,100 |
| Mumbai | ₹2,49,900 |
| Delhi | ₹2,49,900 |
| Kolkata | ₹2,49,900 |
| Bangalore | ₹2,49,900 |
| Pune | ₹2,49,900 |
| Ahmedabad | ₹2,49,900 |
| Vadodara | ₹2,49,900 |
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to command a premium of approximately ₹10,000 per kg due to higher local demand.
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 07 Apr 2026 | ₹2,49,900 | -₹100 |
| 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 |
| 31 Mar 2026 | ₹2,50,000 | +₹5,000 |
| 30 Mar 2026 | ₹2,45,000 | 0 |
| 29 Mar 2026 | ₹2,45,000 | 0 |
Market Summary
- April Trend: Silver opened April at ₹2,55,000 per kg and has since declined to ₹2,49,900, a fall of approximately 2%
- Year-on-Year: While prices have dipped from their 2026 peaks, they remain significantly higher than pre-conflict levels
- Key Drivers: A strengthening US dollar and shifting Federal Reserve signals are currently weighing on prices
- Regional Premiums: Southern markets (Chennai, Hyderabad, Kerala) continue to command a premium of approximately ₹10,000 per kg due to higher local demand
Can Silver Prices Rise Again?
- Technical Levels: Support at $70 per ounce; resistance at $75
- Dollar Movement: Any pullback in the US dollar could trigger a rebound
- Geopolitical Factors: Escalation in West Asia tensions could renew safe-haven demand
- Industrial Demand: Strong electronics and solar sector demand provides a long-term floor
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.
