Silver prices rise as weekly gain nears

• Silver prices rose on Friday as global investors remain cautious
• Domestic silver futures gained 0.6 per cent to Rs 2,50,091
• Weekly gains exceed 3 per cent amid Middle East geopolitical shifts

Silver Price Today, April 17: Silver prices rose on Friday (April 17) as global investors stayed cautious, awaiting further developments in the Middle

East that could influence the outlook for precious metals. As of 9:40 am am, spot gold rose by 0.8 per cent, trading at around USD 79. Silver prices were also on track to post a weekly gain of over 3 per cent. In the domestic market, silver futures gained 0.6 per cent, gaining by Rs 1,463 to settle at Rs 2,50,091. Over the past week, precious metal prices have strengthened following reports that talks between the US and Iran may resume, after earlier discussions held on April 11–12 in Islamabad did not produce any significant outcomes. Meanwhile, the US dollar remained relatively stable but was headed for a weekly decline, dropping about 0.6 per cent over the week and roughly 1.5 per cent over the past month. A weaker dollar generally supports gold prices, as it makes the metal more affordable for buyers using other currencies and enhances its appeal as a hedge against currency depreciation. In another geopolitical update, a 10-day ceasefire in Lebanon between Israel and Iran-backed Hezbollah has come into effect, easing tensions in the region. On the energy front, crude oil prices dropped sharply after the US announced the ceasefire, boosting hopes of stability in the Middle East. The benchmark West Texas Intermediate (WTI) was set for a significant weekly decline. Lower oil prices can benefit gold by reducing inflationary pressures, which in turn raises the likelihood of interest rate cuts, providing additional support to the precious metal despite its traditional role as an inflation hedge.

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	2,700	27,000	2,70,000
Silver Prices in Mumbai	2,700	27,000	2,70,000
Silver Prices in Kolkata	2,700	27,000	2,70,000
Silver Prices in Chennai	2,750	27,500	2,75,000
Silver Prices in Patna	2,700	27,000	2,70,000
Silver Prices in Lucknow	2,700	27,000	2,70,000
Silver Prices in Gurugram	2,700	27,000	2,70,000
Silver Prices in Noida	2,700	27,000	2,70,000
Silver Prices in Chandigarh	2,700	27,000	2,70,000

Silver prices are mostly uniform across Indian cities at Rs 2,700 per 10g and Rs 2,70,000 per kg, except Chennai, which is slightly higher. This indicates stable national pricing with minor regional variation.

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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 2,49,019 per kg	-

*Silver 999 means pure silver with 99.9 per cent purity.

Also Read: Gold Rate Today in India, April 17: Yellow metal holds steady - Check 24K, 22K prices in Delhi, Mumbai, Chennai ahead of Akshaya Tritiya

(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.)