New Delhi | Thursday, April 9, 2026 — Silver prices in India have surged for the second consecutive day, hitting a fresh milestone this Thursday morning. Driven by a global supply-demand deficit and a bullish breakout in international markets, the “White Metal” has jumped by ₹1,400 per kilogram. As industrial consumption outpaces mining output, silver is rapidly emerging as the top-performing asset class of the second quarter of 2026.
Current Silver Rates: April 9, 2026
As of today, Thursday, April 9, 2026, the market price for 999 Fine Silver has climbed to ₹2,52,500 per kilogram, up from yesterday’s close of ₹2,51,100.
| Silver Quantity | Price (INR) | Daily Change |
| 1 Gram | ₹252.50 | 📈 +₹1.40 |
| 10 Grams | ₹2,525 | 📈 +₹14.00 |
| 100 Grams | ₹25,250 | 📈 +₹140.00 |
| 1 Kilogram | ₹2,52,500 | 📈 +₹1,400.00 |
Disclaimer: These are wholesale market rates. Retail prices in jewelry showrooms will include 3% GST and making charges ranging from 8% to 25% depending on the intricacy of the design.
Key Factors Driving the Price Hike
Analysts point toward three critical factors fueling today’s rally:
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Industrial Supply Squeeze: New reports from global mining hubs suggest a tightening of refined silver supplies. With the “Green Energy” sector in India and China absorbing record amounts of silver for solar photovoltaic cells and EV circuitry, the physical market is feeling the heat.
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Weakening US Dollar: As the US Dollar Index (DXY) dipped slightly in overnight trading, dollar-denominated commodities like silver became cheaper for holders of other currencies, triggering a wave of international buying.
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Gold-Silver Ratio Compression: Historically, silver tends to play “catch-up” with gold. With gold currently trading above the ₹1.51 lakh mark, investors are pivoting to silver, viewing it as “undervalued” despite its recent highs.
City-Wise Silver Rates Today (per 1kg)
Regional variations continue to reflect local demand and tax structures, with Southern India maintaining a significant premium:
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Delhi, Mumbai & Kolkata: ₹2,52,500
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Bangalore & Ahmedabad: ₹2,52,500
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Chennai, Hyderabad & Kerala: ₹2,62,600 (Southern markets remain high due to massive wedding season demand)
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Jaipur & Lucknow: ₹2,52,800
Market Sentiment & Forecast
The technical outlook for silver remains “Strong Buy.” After breaching the $75 per ounce mark in the international spot market, the next major resistance is pegged at $78.50. Domestically, if the current momentum continues, silver could potentially test the ₹2.65 lakh per kg mark before the end of April.
Expert Note: For retail investors, experts suggest that while silver is volatile, it offers higher percentage growth potential than gold in the current economic climate. However, because of the sharp rise, “buying on dips” remains the most prudent strategy for those looking to build a long-term position.
