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Silver Price Today, 01 May 2026: Silver prices in India opened softer on 01 May 2026, reflecting global volatility, a stronger US dollar and cautious industrial demand.
Domestic silver was quoted at ₹250 per gram and ₹2,50,000 per kilogram, down ₹5,000/kg from the previous level unlike gold, silver plays a dual role. It is both a precious metal and an industrial commodity used in electronics, solar panels, batteries, medical devices and jewellery with India among the world's largest silver consumers, price movements are closely tracked by traders, jewellers and investors. As markets enter May, the key question is whether silver can rebound after a corrective phase.
Domestic Silver Prices (India) - 01 May 2026
- Silver per gram: ₹250 (-₹5)
- Silver 10 gram: ₹2,500 (-₹50)
- Silver 100 gram: ₹25,000 (-₹500)
- Silver 1 kg: ₹2,50,000 (-₹5,000)
- Trend: Short-term weak
- Buying sentiment: Selective
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.
Check City-Wise Silver Rate Today (Latest Update)
Delhi Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Retail demand stable
Mumbai Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Investment buying cautious
Chennai Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Highest among major cities
Bangalore Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Jewellery demand moderate
Hyderabad Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Premium pricing continues
Kolkata Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Stable retail market
Kerala Silver Rate Today
- 10g: ₹2,700
- 100g: ₹27,000
- 1kg: ₹2,70,000
- Ornament demand firm
Pune Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Traders watch global cues
Ahmedabad Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Bullion activity steady
Vadodara Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Demand balanced
Jaipur Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Wedding enquiries active
Lucknow Silver Rate Today
- 10g: ₹2,500
- 100g: ₹25,000
- 1kg: ₹2,50,000
- Moderate buying trend
International Silver Rates Today
- US Silver: $73.66/oz
- Daily Gain: +3.05%
- Trend: Recovery after correction
- Dollar strength remains hurdle
- Industrial demand offers support
- Inflation hedging interest steady
Major Indian Silver City Rates: 10g, 100g & 1kg
| City | 10g Silver | 100g Silver | 1kg Silver |
| Delhi | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Noida | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Ghaziabad | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Gurugram | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Faridabad | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Mumbai | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Chennai | ₹2,700 | ₹27,000 | ₹2,70,000 |
| Bangalore | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Hyderabad | ₹2,700 | ₹27,000 | ₹2,70,000 |
| Kolkata | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Pune | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Ahmedabad | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Vadodara | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Jaipur | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Lucknow | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Chandigarh | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Surat | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Indore | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Patna | ₹2,500 | ₹25,000 | ₹2,50,000 |
| Bhopal | ₹2,500 | ₹25,000 | ₹2,50,000 |
Note: Rates are indicative retail averages and may vary by jeweller, making charges, GST and locality.
Major Countries Silver Rates Today
| Country | Silver Rate Today (Approx. per oz) | INR Equivalent (Approx.) |
| United States | $73.66 | ₹6,140 |
| Canada | CAD 101.20 | ₹6,090 |
| Australia | AUD 112.40 | ₹6,050 |
| United Kingdom | GBP 58.30 | ₹6,120 |
| Germany | EUR 68.10 | ₹6,110 |
| France | EUR 68.10 | ₹6,110 |
| Italy | EUR 68.10 | ₹6,110 |
| Spain | EUR 68.10 | ₹6,110 |
| United Arab Emirates | AED 270.50 | ₹6,130 |
| Saudi Arabia | SAR 275.80 | ₹6,160 |
| Qatar | QAR 268.40 | ₹6,110 |
| Oman | OMR 28.30 | ₹6,140 |
| Kuwait | KWD 22.45 | ₹6,080 |
| Bahrain | BHD 27.10 | ₹6,050 |
| Singapore | SGD 99.40 | ₹6,100 |
| Malaysia | MYR 322.50 | ₹6,020 |
| Japan | JPY 11,320 | ₹6,070 |
| China | CNY 531.60 | ₹6,000 |
| Hong Kong | HKD 575.40 | ₹6,030 |
| Russia | RUB 5,610 | ₹5,980 |
| Nepal | NPR 9,820 | ₹6,140 |
| Pakistan | PKR 20,980 | ₹6,020 |
| Bangladesh | BDT 8,420 | ₹6,030 |
| Sri Lanka | LKR 18,950 | ₹6,080 |
| New Zealand | NZD 121.30 | ₹6,090 |
| South Africa | ZAR 1,420 | ₹6,000 |
| Switzerland | CHF 66.70 | ₹6,150 |
| Turkey | TRY 2,360 | ₹5,960 |
Note: Rates are indicative market prices and may vary by taxes, premiums, exchange rates and local dealer charges.
Silver Rate in India for Last 10 Days (1 kg)
| Date | 1 Kg Rate |
| Apr 30 | ₹2,50,000 |
| Apr 29 | ₹2,55,000 |
| Apr 28 | ₹2,60,000 |
| Apr 27 | ₹2,60,000 |
| Apr 26 | ₹2,60,000 |
| Apr 25 | ₹2,60,000 |
| Apr 24 | ₹2,59,900 |
| Apr 23 | ₹2,60,000 |
| Apr 22 | ₹2,65,000 |
| Apr 21 | ₹2,65,000 |
Silver Price Movement in April 2026
| Metric | Value |
| 1 April Rate | ₹2,55,000 |
| 30 April Rate | ₹2,50,000 |
| Highest | ₹2,75,000 |
| Lowest | ₹2,50,000 |
| Trend | -1.96% |
Silver Price Movement in March 2026
| Metric | Value |
| 1 March Rate | ₹2,95,000 |
| 31 March Rate | ₹2,50,000 |
| Highest | ₹3,15,000 |
| Lowest | ₹2,30,000 |
| Trend | -15.25% |
MCX Performance
- Silver futures volatile this week
- Global cues driving movement
- Resistance near recent highs
- Traders watching Fed commentary
Oil & Inflation
- Brent crude hovered near $84-$86/barrel, keeping inflation concerns alive across import-dependent economies.
- WTI crude traded around $80-$82/barrel, reflecting volatile energy sentiment.
- India imports nearly 85% of its crude oil needs, making domestic inflation sensitive to price spikes.
- Every sustained $10 rise in crude can pressure transport and manufacturing costs.
- Higher fuel costs often raise logistics, food and retail prices.
- Sticky inflation may delay interest-rate cuts globally.
- Inflation hedging demand can support precious metals like silver and gold.
- Rupee weakness alongside costly oil can further lift imported commodity prices.
Market Summary
- Domestic silver weaker today
- Global silver rebounding
- Industrial outlook supportive
- Retail buyers selective
- Volatility likely to continue
Can Silver Prices Rise Again?
- If industrial demand improves
- If dollar weakens globally
- If inflation stays elevated
- If solar sector demand rises
- If investor flows return
Key Considerations for Buyers
- Compare city-wise rates
- Check purity and billing
- Buy gradually in volatile markets
- Track global silver trends
- Consider long-term horizon
Disclaimer: Silver rates are indicative and exclude GST/TCS/levies. Final purchase prices include 3% GST and making charges. Please verify with local jewellers for exact pricing.