Silver Price Today: April 24, 2026
Silver prices in India are seeing a slight cooling trend today after a volatile week. The white metal is currently trading around ₹2,59,900 per kilogram in most major markets. This follows a significant drop from the recent highs of ₹2,75,000 seen earlier this month.
In Bhopal, where your business operations are based, the retail price for silver is approximately ₹2,64,900 to ₹2,75,000 per kg, depending on the local jeweler and the inclusion of taxes.
City-Wise Silver Rates (Per 1 KG)
Prices vary across the country due to state-specific taxes and logistics:
| City | Today’s Price (Per KG) | Yesterday’s Price |
| Bhopal | ₹2,64,900 | ₹2,64,900 |
| Delhi | ₹2,59,900 | ₹2,60,000 |
| Mumbai | ₹2,59,900 | ₹2,60,000 |
| Chennai | ₹2,69,900 | ₹2,70,000 |
| Hyderabad | ₹2,69,900 | ₹2,70,000 |
| Bangalore | ₹2,59,900 | ₹2,60,000 |
Market Trends & Factors
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Short-term Pressure: Silver has dropped nearly ₹5,000 to ₹10,000 over the last few days. This is largely attributed to a strengthening US Dollar and higher interest rate expectations, which typically dampen the appeal of non-yielding assets.
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Geopolitical Volatility: Ongoing tensions in West Asia and disputes involving Greenland have caused sharp “sparks” in the market, though prices are currently consolidating.
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Industrial Demand: Long-term sentiment remains bullish due to silver’s critical role in the green energy transition (EVs and solar panels) and AI infrastructure.
Investor Tip: While physical silver is popular for jewelry, many are moving toward Digital Silver (currently ~₹275/gram in Bhopal) to avoid making charges and storage risks. Remember that a 3% GST is applicable on all physical silver purchases.
