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Silver Price Today: Rates Fall After Global Market Drop, Check Latest Price in Delhi, Mumbai and Other Cities
Silver prices came under pressure on Thursday, September 17, 2026, as weakness in the international precious metals market influenced domestic sentiment. After a strong rise in the previous session, silver witnessed renewed volatility, making the latest rates important for buyers and investors tracking the metal.
The source provides different silver prices based on different market references. One bullion rate placed silver at ₹2,35,140 per kilogram, while another cited retail-market reference showed a price of ₹2,45,000 per kilogram. The previous trading session's closing figure was stated at ₹2,34,786 per kilogram.
This difference highlights why buyers should check which benchmark is being quoted. Bullion-market rates, retail references and actual jeweller prices may not always be identical.
Silver Comes Under Pressure in International Market
Precious metals recorded a sharp decline in overseas trading.
According to the Comex figures cited in the source, silver was down around 1.69% and trading at approximately $63.820 per ounce when the report was prepared.
Gold was also under pressure, declining around 1.47% to $4,322.80 per ounce.
The report linked the latest movement in precious metals to developments surrounding the US Federal Reserve's interest-rate decision. Global monetary-policy developments can influence precious-metal markets through changes in the dollar, bond yields and investor expectations.
Silver Price in India on September 17
Silver prices in India vary depending on the market benchmark and location. The city-wise retail reference cited in the report placed silver at around ₹2.45 lakh to ₹2.50 lakh per kilogram across major cities.
Delhi, Mumbai, Kolkata, Lucknow, Patna, Jaipur, Ahmedabad, Pune, Bengaluru, Hyderabad, Bhopal, Chandigarh, Noida and Gurugram were all quoted at ₹2,45,000 per kilogram.
Chennai stood slightly higher at ₹2,50,000 per kilogram.
Local taxes, market conditions and other charges can create differences between cities and sellers.
Silver Rates in Major Indian Cities
Here are the city-wise silver prices provided in the source for September 17, 2026:
| City | Silver Price per 1 kg |
|---|---|
| Delhi | ₹2,45,000 |
| Mumbai | ₹2,45,000 |
| Kolkata | ₹2,45,000 |
| Chennai | ₹2,50,000 |
| Lucknow | ₹2,45,000 |
| Patna | ₹2,45,000 |
| Jaipur | ₹2,45,000 |
| Ahmedabad | ₹2,45,000 |
| Pune | ₹2,45,000 |
| Bengaluru | ₹2,45,000 |
| Hyderabad | ₹2,45,000 |
| Bhopal | ₹2,45,000 |
| Chandigarh | ₹2,45,000 |
| Noida | ₹2,45,000 |
| Gurugram | ₹2,45,000 |
These figures should be treated as reference prices rather than the final amount payable by every buyer.
What Happened to Silver Prices in the Previous Session?
Silver had moved sharply higher in Delhi's bullion market on Wednesday after remaining unchanged for two consecutive sessions.
According to the supplied report, silver jumped by ₹7,000 per kilogram to ₹2.42 lakh per kilogram, including taxes. The previous closing level was ₹2,34,600 per kilogram.
The report attributed the rise to speculative buying by traders as sentiment improved following a decline in crude oil prices.
The international market also recorded gains during that session, with spot silver rising around 1.5% to $64.61 per ounce.
The subsequent decline in overseas prices on Thursday shows how quickly precious-metal markets can reverse direction.
Silver Has Recorded a Strong One-Year Rise
Despite short-term fluctuations, silver has delivered a substantial increase over the past year based on the bullion data cited in the source.
The report states that silver has gained approximately 85.49% over one year. Its price was around ₹1,26,850 per kilogram a year earlier, compared with a cited current bullion rate of ₹2,35,140 per kilogram.
Based on the same calculation, ₹1 lakh linked to silver's price movement a year ago would have grown to approximately ₹1.85 lakh before accounting for transaction costs and taxes.
For comparison, the report estimates that ₹1 lakh linked to gold's price movement over the same period would have reached around ₹1.39 lakh.
These calculations describe past price performance and should not be considered an indication of future returns.
Why Silver Prices Keep Changing
Silver is influenced by several domestic and international factors. Changes in global precious-metal prices can affect Indian rates, while currency movements, market demand and local pricing conditions can also contribute to fluctuations.
Unlike gold, silver also has substantial industrial use, meaning changes in industrial demand can be another factor influencing its longer-term market dynamics.
Short-term prices, however, can remain volatile and may move sharply in either direction.
Check the Final Price Before Buying Silver
Consumers should avoid treating a bullion-market quotation as the exact amount they will ultimately pay when purchasing jewellery or other finished silver products.
Depending on the product, applicable GST, making charges and other costs can increase the final bill. Rates can also differ between dealers and cities.
For September 17, the supplied city-wise data places silver at ₹2,45,000 per kilogram in most major cities, including Delhi, Mumbai, Kolkata, Jaipur, Bengaluru and Hyderabad. Chennai's quoted rate is higher at ₹2,50,000 per kilogram.
Since precious-metal prices can change during the trading day, buyers should verify the latest local rate and applicable charges before completing a purchase or making an investment decision.
