Silver Price Today, 9 April 2026: Silver prices have surged sharply, reversing earlier declines as global markets react with a major “relief rally” to the two-week US-Iran ceasefire agreement. Global spot silver saw massive volatility, touching an intraday peak of $77.80 earlier in the session. A weaker US dollar and a dramatic 16-20% crash in crude oil prices have fueled the rally, as cooling energy costs reduce inflation fears and potentially allow for a more dovish Federal Reserve. In the domestic market, silver prices have jumped by ₹10,000 per kilogram, reaching record levels in many cities.
International Silver Rates
- Spot Silver (XAG/USD): Trading around $73.85 – $75.42 per ounce
- Intraday Peak: Prices touched as high as $77.80 earlier in the session following the announcement
- Performance: The white metal surged nearly 6-8% during peak trading
- Key Drivers: A weaker US dollar and a dramatic 16-20% crash in crude oil prices have fueled the rally, as cooling energy costs reduce inflation fears and potentially allow for a more dovish Federal Reserve
Domestic Silver Prices (India) – 9 April 2026
In the domestic market, silver prices have jumped by ₹10,000 per kilogram, reaching record levels in many cities.
- 999 Pure Silver (Per Gram): ₹260.10 (+₹0.10)
- 999 Pure Silver (Per KG): ₹2,60,100 (+₹100)
Note: These retail rates typically exclude 3% GST and additional making charges for silver products (5%–25%).
City-wise Silver Rates (per kg)
| City | Today’s Price (9 Apr) | Daily Change | Status |
|---|---|---|---|
| New Delhi | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Mumbai | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Chennai | ₹2,65,100 | + ₹10,100 | Premium market |
| Bangalore | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Hyderabad | ₹2,65,100 | + ₹10,100 | Premium market |
| Kolkata | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Pune | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Ahmedabad | ₹2,60,100 | + ₹10,100 | Sharp jump |
| Kerala | ₹2,65,100 | + ₹10,100 | Premium market |
| Vadodara | ₹2,60,100 | + ₹10,100 | Sharp jump |
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to trade at a premium of ₹5,000 to ₹10,000 due to higher local demand.
Indian Major Cities Silver Rates Today (per kg)
| City | 10 gram | 100 gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Mumbai | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Delhi | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Kolkata | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Bangalore | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Hyderabad | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Kerala | ₹2,651 | ₹26,510 | ₹2,65,100 |
| Pune | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Vadodara | ₹2,601 | ₹26,010 | ₹2,60,100 |
| Ahmedabad | ₹2,601 | ₹26,010 | ₹2,60,100 |
Silver Rate in India for Last 10 Days (1 kg)
| Date | Silver Rate (per kg) | Daily Change |
|---|---|---|
| 09 Apr 2026 | ₹2,60,100 | +₹100 |
| 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 |
| 02 Apr 2026 | ₹2,50,000 | -₹5,000 |
| 01 Apr 2026 | ₹2,55,000 | +₹5,000 |
| 31 Mar 2026 | ₹2,50,000 | +₹5,000 |
Market Summary
Ceasefire Impact
- Silver saw massive volatility, surging nearly 6-8% during peak trading after the US-Iran ceasefire announcement
- The white metal pared some early gains but remains significantly higher than previous days
Key Drivers of the Rally
- Weaker US Dollar: A softening dollar makes silver cheaper for international buyers
- Crude Oil Crash: A dramatic 16-20% drop in oil prices reduces inflation fears, potentially allowing for a more dovish Federal Reserve
- Relief Rally: Global markets reacted positively to the conditional two-week truce
MCX Performance
- MCX Silver Futures (May): Up approximately 6% to reach ~₹2,45,046 per kg
Can Silver Prices Rise Further?
- Technical Levels: Support at $72 per ounce; resistance at $78
- Ceasefire Duration: The two-week window is temporary; any breakdown could renew safe-haven demand
- Fed Rate Expectations: Easing inflation from lower oil prices could lead to rate cuts, a positive for silver
- Industrial Demand: Strong electronics and solar sector demand provides a long-term floor
- Regional Premiums: Southern markets command ₹5,000–₹10,000 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.
