Silver prices in India have experienced a sharp correction today, Sunday, April 19, 2026, just as the country celebrates Akshaya Tritiya. Despite the high festive demand typically associated with precious metals, silver has retreated from its recent record-breaking peaks, offering a slight reprieve for retail buyers.
Domestic Silver Rates (India)
The average market price for silver across major Indian cities has dropped by approximately ₹5,000 per kilogram since yesterday.
| Quantity | Today’s Price | Yesterday’s Price | Change |
| 1 Gram | ₹264.90 | ₹269.90 | -₹5.00 |
| 10 Grams | ₹2,649 | ₹2,699 | -₹50 |
| 100 Grams | ₹26,490 | ₹26,990 | -₹500 |
| 1 Kilogram | ₹2,64,900 | ₹2,69,900 | -₹5,000 |
Note: Final jewelry prices will include GST (3%) and additional making charges.
City-Wise Silver Rates (per 1 KG)
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Delhi / Mumbai / Kolkata: ₹2,64,900
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Chennai / Hyderabad / Bengaluru: ₹2,74,900
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Thiruvananthapuram: ₹2,99,000
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Lucknow / Patna / Jaipur: ₹2,64,900
Market Analysis & Trends
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The Akshaya Tritiya Correction: While gold has surged past the ₹1.55 lakh mark today, silver is moving in the opposite direction. Analysts suggest this is a result of profit-booking by large-scale investors who took advantage of the massive rallies seen earlier this month.
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Geopolitical Influence: The “white metal” remains highly volatile due to fluctuating international cues. Hopes for successful US-Iran peace talks and the potential reopening of the Strait of Hormuz have eased inflationary fears, leading to a cool-down in silver prices from their recent high of over ₹2.80 lakh.
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Global Market Status: Internationally, silver is trading at approximately $82.43 per ounce on the COMEX. The local price drop is also attributed to a slightly stronger Indian Rupee against the US Dollar this weekend.
Outlook: Despite today’s dip, the long-term sentiment for silver remains bullish. Industrial demand—specifically from the solar energy and electric vehicle (EV) sectors—continues to provide a strong floor for prices, with some experts predicting a return to the ₹2,80,000 level if geopolitical tensions resurface.
