Silver Rates In India Unchanged Today (11-06-2026) After Rs 10,000 Crash; Silver Prices City-Wise & Outlook

Silver rates in India are unchanged on June 11, 2026, despite the sharp selling pressure across MCX and international market. In the early trade of Thursday, MCX silver had touched Rs 2.30 lakh mark, while spot silver dropped nearly 2% before recovering losses. On the other hand, physical silver prices are flat after crashing by Rs 10,0000 in the previous day. Silver recovered after US military declared that it completed its latest strikes against Iran, raising hopes of peace and ceasefire negotiations once again. Also, crude oil prices dropped by 1%, retreating from early gains. However, firmer and surge in treasury yields continue to keep silver rates under pressure.

Silver Rates In India

1Kg silver price stood flat at Rs 2.50 lakh on June 11th, while 100 grams and 10 grams silver rates are at Rs 25,000 and Rs 2,500 respectively. Additionally, 8 grams silver are priced at Rs 2,000. The cheapest silver is of 1 gram at RS 250.

Despite this, silver prices have crashed by nearly 11% in June so far.

As per Trading Economics data, the US military announced it had completed its latest strikes on Iran, raising hopes that peace negotiations could resume and tempering some concerns over inflationary pressures. Earlier, the US launched fresh attacks on Iran after President Trump accused Tehran of delaying talks on an interim peace agreement, while Iran reportedly responded by targeting US vessels in the Strait of Hormuz. Even so, silver remained near eleven-week lows as the prolonged conflict and the continuing near-total closure of Hormuz disrupted energy flows from the Persian Gulf, fueling worries about higher inflation and interest rate hikes. Meanwhile, US inflation accelerated in May to its fastest pace in more than three years, driven by surging energy costs, though the reading matched market expectations.

Traders slightly scaled back expectations for Federal Reserve rate hikes this year, although a quarter-point increase in December remains fully priced, as per the data.

Silver Rates City-Wise!

Silver is expensive in cities like Chennai, Hyderabad and Kerala, where 1Kg price is at Rs 2.60 lakh. But silver is cheaper around Rs 2.50 lakh per 1Kg in cities like Mumbai, Delhi, Kolkata, Bengaluru, and Pune among others.

Silver Rates Outlook:

As per Ponmudi R, CEO of Enrich Money, here's how silver rates could perform in India MCX and international market which will play a key role in driving sentiments for physical silver.

Spot Silver Price Outlook

COMEX Silver has slipped below the key $64 support level, reflecting a cautious to bearish undertone amid persistent volatility and uncertain market sentiment. On the upside, a sustained move back above the $64-$65 zone is required to strengthen momentum and extend the recovery toward the $67-$68 range.

On the downside, a decisive break below $62 could trigger fresh selling pressure and accelerate weakness toward the $60-$58 support zone, with the potential for further downside if bearish momentum intensifies. Overall, the near-term outlook remains cautious with a weak undertone, as prices continue to face pressure below key support levels. Geopolitical developments, macroeconomic uncertainty, and broader market volatility are expected to remain the primary drivers of price action.

MCX Silver Price Outlook

MCX Silver opened with a gap down and is currently taking support near the Rs2,30,000 level, reflecting cautious price action amid ongoing volatility. On the upside, a sustained move above Rs2,36,000 is required to strengthen momentum and trigger a recovery toward Rs2,40,000 and further toward the Rs2,43,000 zone. On the downside, a decisive break below the Rs2,30,000 support level could intensify selling pressure and drag prices toward the Rs2,28,000-Rs2,25,000 region.

Overall, the near-term bias remains cautious to negative, with prices attempting to stabilize near a key support level. A breakout above immediate resistance is required to improve sentiment and stabilize the structure, while geopolitical developments, safe-haven demand, and broader market volatility continue to influence price direction.

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