Silver Price Today In India At Rs 2.5 Lakh/Kg: Will MF Entry Reignite Demand? Bangalore, Delhi, Mumbai Rates

Silver Price Today in India: Silver rate in India on Friday, April 3, remained close to Rs 2.5 lakh per kilogram in Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Kerala, and other Indian cities. Meanwhile, gold prices saw sharp uptick. In contrast to the yellow metal, silver sees demand from a much diverse industry due to its wide range of applications.

While retail jewellery buyers may view silver as an alternative to gold, the metal plays a far more significant role beyond adornment. It sits at the heart of the renewable energy transition, thanks to its extensive applications in solar panels, electric vehicles, and other clean technologies. All these factors make silver an attractive investment alternative.

In a separate development, Indian mutual funds can access silver for investment purpose from April 1 onwards. Experts suggest that the development is likely to boost demand for silver in India. Amid all these developments, silver rate in India remained stable on Friday, April 1. Here are latest silver prices in India and other cities.

Silver Price in India

The price of silver in India remained at Rs 250 per gram on Friday, April 3. Likewise, the rate of per kilogram of silver in India stood at Rs 2,50,000. Silver price in India saw sharp volatility in the past three months. Silver price jumped to its record high mark of above Rs 3.5 lakh in January, only to see massive crash in February.

"The current volatility in the silver market is attracting physical buying in India, which is a positive sign. Investors should not invest in the silver market through lump-sum investments. Instead, they should adopt a staggered investment strategy. In the near term, this volatility may make consumers cautious, but it is also likely to encourage opportunistic buying at lower price levels," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Silver Rate in Bangalore, Mumbai, Chennai, Hyderabad, Other Indian Cities

Silver price today remained at elevated level in Chennai and Hyderabad, where per kilogram of the precious metal was priced at Rs 2.55 lakh on Friday. Precious metal rates remained close to Rs 2.5 lakh/kg in other Indian cities like Bangalore, Pune, Vadodara, etc.

Mutual Funds Get Access To Silver From April 1

Hybrid and flexible mutual funds schemes have now access to investment in silver. From April 1, 2026, regulatory changes allow equity and hybrid schemes to use silver ETFs within their portfolios, creating a direct and scalable channel that did not exist earlier.

The mutual fund industry in India controls about Rs 82 trillion in assets under management, or roughly $950 billion, as of February 2026. Equity and hybrid schemes form the bulk of this money. Until these reforms, such schemes were barred from holding silver in any proportion.

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