What is the story about?
Silver Price Today In India (Silver price today) 2 April 2026: Silver prices plunged on Thursday, April 2, pressured by a stronger US dollar, which reduced
the metal’s appeal for overseas buyers. Sentiment was further weighed down by Donald Trump’s remarks on the evolving situation in the Middle East. As of 10:35 am IST, silver on the Multi-Commodity Exchange (MCX) was trading 4.6 percent lower, down Rs 11,217 at Rs 2,32,284 per ounce. The global market mirrored the trend, with silver falling 4.3 per cent, or USD 3.2, to trade at USD 71.85.
Impact of US Dollar
The US dollar index regained the USD 100 mark to rise 0.6 per cent at the time of this report. A stronger dollar tends to reduce silver’s appeal for foreign investors, as it makes the metal more expensive in other currencies.Oil Prices Add Pressure
Rising oil prices also contributed to the pressure on silver. Higher oil prices can increase inflationary expectations, which may lead to a prolonged high-interest-rate environment, factors that generally weigh on silver prices.Geopolitical Factors
On the geopolitical front, former US President Donald Trump told Reuters on Wednesday, just hours ahead of his planned speech, that the US will end the war on Iran “fairly soon.” Such developments can influence global market sentiment, including precious metals.Domestic Demand Outlook
Analysts expect domestic demand for silver jewellery to rise in the coming months, providing potential support to local silver prices despite global headwinds.Also Read: Gold Rate Today, April 2, 2026: Yellow metal slips, ending 4-session winning streak – Check 24K, 22K, 18K, 14K rates in Delhi, Mumbai, Chennai, Bengaluru
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 | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Mumbai | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Kolkata | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Chennai | Rs 2,650 | Rs 26,500 | Rs 2,65,000 |
| Silver Prices in Patna | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Lucknow | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Noida | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Gurugram | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
| Silver Prices in Chandigarh | Rs 2,550 | Rs 25,500 | Rs 2,55,000 |
Silver prices are mostly uniform across Indian cities at Rs 2,550 per 10g, except Chennai, which is higher at Rs 2,650. 1kg rates reflect the same pattern, showing a minor regional premium.
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 Price | Evening Price |
| Silver 999* | Rs 2,39,836 per kg | - |
*Silver 999 means pure silver with 99.9 per cent purity.
(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.)
