What is the story about?
Today Silver Price, April 9: Silver prices fell on Thursday, April 9, on the Multi-Commodity Exchange (MCX) as a stronger US dollar limited gains for the precious
metal. Easing geopolitical tensions, however, helped prevent a sharper decline. As of 9:35 am, May silver futures were down 1.2 per cent at Rs 2,37,150. International spot silver traded largely flat at USD 74.15, after reaching its highest level since March 18 in the previous session.
US dollar strength puts pressure on silver
The US dollar gained 0.1 per cent, trading above 99. A stronger dollar generally makes silver more expensive for foreign buyers, capping potential gains in the precious metal.Geopolitical developments boost market sentiment
US President Donald Trump announced via social media on Tuesday a two-week suspension of military action against Iran, citing that the US had achieved its core objectives. This statement came just hours before Tehran’s 20:00 ET deadline to reopen the Strait of Hormuz.Following the news, oil prices dropped below USD 100, increasing the likelihood of interest rate cuts, an outcome favourable for precious metals like silver.
Market focus shifts to inflation data
Investors are now turning attention to key inflation indicators later this week, including the PCE Index on Thursday and CPI data on Friday.Minutes from the Federal Reserve’s March 17–18 meeting indicated that more policymakers see potential for rate hikes to tackle persistent inflation above the 2 per cent target. The Iran conflict was also mentioned as a contributing factor, according to Reuters.
Today Silver Rate in India (City-wise: 10g, 100g, 1kg)
| City | 10 Gram Silver Rate | 100 Gram Silver Rate | 1 Kg Silver Rate |
| Silver Prices in Delhi | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Mumbai | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Kolkata | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Chennai | 2,650 | 26,500 | 2,65,000 |
| Silver Prices in Patna | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Lucknow | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Gurugram | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Noida | 2,600 | 26,000 | 2,60,000 |
| Silver Prices in Chandigarh | 2,600 | 26,000 | 2,60,000 |
Silver Rate Today by IBJA
The India Bullion and Jewellers Association (IBJA) sets the daily “base price” of silver in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country.
| Purity | Morning Silver Price | Evening Silver Price |
| Silver 999* | Rs 2,44,041 per kg | - |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
