Silver Rates In India Today (27 April 2026) Flat, But Silver Prices In Chennai, Hyderabad At Rs 2.70 Lakh; Why

Silver rates in India are unchanged on April 27, as the broader sentiment in precious metals is cautiously optimistic. Silver price at MCX struggles between Rs 2.44 lakh to Rs 2.45 lakh, while spot silver is near $76 per ounce, after the second round of peace talks between US and Israel failed, keeping energy crisis, inflationary pressure and Middle East conditions fragile. Meanwhile, 1Kg silver price stood at Rs 2.60 lakh in majority cities of India, however, the price was higher in cities like Chennai and Hyderabad to Rs 2.70 per 1Kg.

Silver Rates In India:

1Kg silver price stood at Rs 2.60 lakh, while 100 grams and 10 grams silver is available at Rs 26,000 and Rs 2,600. Further, 8 grams silver is at Rs 2,080 and 1 gram silver is priced at Rs 260. This is the price levels in cities like Mumbai, Bengaluru, Pune, Delhi, Kolkata, and Ahmedabad among others.

Silver Rates In Chennai + Silver Rates In Hyderabad:

In cities like Chennai and Hyderabad, 1Kg silver is priced at Rs 2.70 lakh. Here, the 100 grams and 10 grams silver stood at Rs 27,000 and Rs 2,700. The 8 grams silver is available at Rs 2,160 and 1 gram silver is at Rs 275.

What Is Impacting Silver Rates In India?

As per Kedia Advisory, while prices saw a recovery in the latest session, the broader trend remains cautious, with the metal still on track for a weekly decline of nearly 7% amid slow progress in peace negotiations. The ongoing closure of the Strait of Hormuz has kept energy prices elevated, fueling inflation concerns across global markets. This, in turn, has created a mixed environment for silver-while geopolitical risks typically support safe-haven demand, rising inflation and the possibility of tighter monetary policy tend to weigh on non-yielding assets.

Economic indicators further highlighted underlying stress, with the University of Michigan's Consumer Sentiment Index revised up slightly to 49.8, but still marking historically weak levels. On the policy front, expectations remain that the Federal Reserve will keep interest rates unchanged in the near term. Meanwhile, CME Group's decision to reduce margins on COMEX silver futures is likely to improve market participation and liquidity, as per the brokerage.

Also, demand from China continues to be a major supportive factor. Imports surged to a record 836 metric tons in March, nearly triple the long-term average, driven by strong retail investment demand and aggressive stockpiling by the photovoltaic (PV) sector. Elevated domestic prices in China have also encouraged global arbitrage flows into the country.

In contrast, holdings in London vaults rose modestly, indicating adequate global supply conditions.

Silver Rates Outlook:

Looking ahead, Kedia Advisory said, " the market is witnessing short covering, reflected in a 10.87% drop in open interest alongside rising prices. Immediate support is seen at 240,095, with a break below likely to test 235,560. On the upside, resistance is placed at 247,360, and a move above this level could extend gains toward 250,090.

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