Silver Rate In India Crashes To Rs 2.30 Lakh; Silver Prices In Chennai, Hyderabad, Mumbai, Delhi, Bengaluru

Silver rates in India crashed on June 25, 2026, after being flat yesterday. In the past ten days, physical silver prices have seen mild movements with nearly Rs 30,000 decline over the period despite MCX silver crashing to hit Rs 2.20 lakh mark and Spot Silver reaching near $61 per ounce. Silver in global market is at multi-week lows but physical silver price in India has moved broadly sideways. Nonetheless, the 999 purity silver has touched Rs 2.35 lakh mark. But it needs to be noted that silver rates vary from city to city.

Silver Rates In India:

1Kg silver is down by Rs 10,000 to Rs 2.35 lakh on June 25, while 100 grams and 10 grams silver rates dropped by Rs 1,000 and Rs 100 to Rs 23,500 and Rs 2,350 respectively. The price of 8 grams silver stood at Rs 1,880, which is down by Rs 80. 1 gram silver is lower by Rs 10 to Rs 235.

After Rs 10,000 fall on June 25, 2026, 1Kg silver price was unchanged on June 24th but down by Rs 5,000 on June 23rd. Prior to that, silver rates were flat on June 22nd, June 21st and June 20th. Silver was down by RS 10,000 on June 19th and lower by Rs 5,000 on June 18th. But silver was unchanged on June 16-17. Compared to gold, this is a slower downside in the past ten days.

However, 1Kg silver has crashed by over 16% in overall June 2026, which is sharper than physical gold rates that have dropped over 10% in the current month so far.

Silver Rates City-Wise

1Kg silver price has become cheaper in Chennai, Hyderabad and Kerala to Rs 2.30 lakh mark. But silver is expensive by Rs 5,000 to Rs 2.35 lakh in cities like Bengaluru, Mumbai, Delhi, Kolkata, Pune and Ahmedabad among others.

City	10 Gram	100 Gram	1 KG
Chennai	₹2,300	₹23,000	₹2,30,000
Mumbai	₹2,350	₹23,500	₹2,35,000
Delhi	₹2,350	₹23,500	₹2,35,000
Kolkata	₹2,350	₹23,500	₹2,35,000
Bangalore	₹2,350	₹23,500	₹2,35,000
Hyderabad	₹2,300	₹23,000	₹2,30,000
Kerala	₹2,300	₹23,000	₹2,30,000
Pune	₹2,350	₹23,500	₹2,35,000
Vadodara	₹2,350	₹23,500	₹2,35,000
Ahmedabad	₹2,350	₹23,500	₹2,35,000

What Is Impacting Silver Rates In India?

As per Deveya Gaglani, Senior Research Analyst - Commodities, Axis Direct, silver prices dropped nearly 5% to around $59 per ounce on Wednesday, marking their lowest level since December. The decline mirrored the broader weakness across the precious metals complex, as dollar strength and increasing expectations of a hawkish Federal Reserve prompted traders to raise bets on an interest rate hike later this year.

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