![Silver price today [16 April, 2026]: Silver recovers sharply to $83.57 as hopes of peace talks rise; Domestic prices rise to ₹2.70 lakh/kg](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201400%20800'%3E%3C/svg%3E "Silver price today [16 April, 2026]: Silver recovers sharply to $83.57 as hopes of peace talks rise; Domestic prices rise to ₹2.70 lakh/kg")
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Silver price today, April 16, 2026: Silver prices have risen sharply in both the international and domestic Indian markets. Optimism surrounding revised U.S.-Iran peace talks – with a proposed two-week extension to the ceasefire – has lowered oil prices and calmed inflation concerns, boosting sentiment towards precious metals. Global spot silver prices have risen to near one-month highs as investors weigh the prospects of a diplomatic breakthrough in Pakistan. In India, domestic prices today registered a significant increase of around ₹15,000 per kg, reflecting the strong global recovery.
Domestic Silver Prices (India) – April 16, 2026
In India, domestic prices today registered a significant increase of around ₹15,000 per kg, reflecting the strong global recovery.
- 999 pure silver (per gram): ₹270.10 (+₹0.10)
- 999 pure silver (per 10 grams): ₹2,701 (+₹1)
- 999 pure silver (per kg): ₹2,70,100 (+₹100)
Note: Final purchase prices at retailers include 3% GST and additional manufacturing charges, which typically range between 5% and 25% for physical silver items.
City wise silver prices in India (latest update)
Silver prices in major Indian cities are showing slight fluctuations, with southern markets continuing to trade at a premium compared to metros such as Delhi and Mumbai. Below is a detailed breakdown of silver prices per city per 10 grams, 100 grams and 1 kilogram.
Chennai Silver Price Today
Chennai continues to be one of the higher priced markets in the south.
- 10 grams: ₹2,751 | 100 grams: ₹27,510 | 1kg: ₹2,75,100
Mumbai silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Delhi silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Kolkata silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Bangalore silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Hyderabad silver price today
- 10 grams: ₹2,751 | 100 grams: ₹27,510 | 1kg: ₹2,75,100
Kerala Silver Price Today
- 10 grams: ₹2,751 | 100 grams: ₹27,510 | 1kg: ₹2,75,100
Pune silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Vadodara silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Ahmedabad silver price today
- 10 grams: ₹2,701 | 100 grams: ₹27,010 | 1kg: ₹2,70,100
Note: Southern markets (Chennai, Hyderabad, Kerala) continue to have a premium of ₹5,000 over other metros.
International silver prices today
- Spot Silver (XAG/USD): Priced at $79.87 to $83.57 per ounce
- Trend: Up about 0.4% in recent sessions, rising to near one-month highs
- Market Drivers: A weaker US dollar has made silver more affordable to international buyers, while strong industrial demand continues to provide structural support
Silver Price in India for the last 10 days (1 kg)
| Date | Silver price (per kg) | Daily change |
|---|---|---|
| April 16, 2026 | ₹2,70,100 | +£100 |
| April 15, 2026 | ₹2,70,000 | +₹15,000 |
| April 14, 2026 | ₹2,55,000 | 0 |
| April 13, 2026 | ₹2,55,000 | -£5,000 |
| April 12, 2026 | ₹2,60,000 | 0 |
| April 11, 2026 | ₹2,60,000 | 0 |
| April 10, 2026 | ₹2,60,000 | +₹5,000 |
| April 9, 2026 | ₹2,55,000 | -£5,000 |
| April 8, 2026 | ₹2,60,000 | +£10,000 |
| April 7, 2026 | ₹2,50,000 | 0 |
Impact and drivers of the peace talks
Diplomatic progress
- Mediators are reportedly considering a two-week extension to the truce, which has reduced safe-haven inflows into the US dollar and shifted interest back to silver
Inflation and interest rates
- Falling oil prices (now below $100) have reduced inflation risks and prompted traders to increase their bets on possible Federal Reserve interest rate cuts later this year
Technical outlook
- Analysts at Prithvi Finmart point to a bullish breakout for silver and identify a key resistance at ₹2,56,600 – ₹2,61,200 on MCX
MCX performance
- MCX Silver Futures: Up 0.8% to trade near ₹2,54,955 per kg
Can silver prices rise again?
- Technical Levels: Support at $78 per ounce; Resistance at $85
- Result of the peace talks: Progress in extending the ceasefire could further boost sentiment
- Fed Rate Expectations: Falling oil prices have increased bets on potential rate cuts, which is positive for silver
- Industrial Demand: Strong demand in the electronics and solar sectors provides a long-term foundation
- Regional Premiums: A premium of ₹5,000 is charged in southern markets due to higher local demand
Important considerations for buyers
- GST: 3% on silver value
- Manufacturing Fees: Typically fees range from 5% to 25% for physical items
- Regional premiums: Southern cities achieve higher premiums due to increased cultural and industrial demand
Disclaimer: Silver price in India is determined by international prices and currency movements. All prices are indicative and exclude GST and fees. Please check with local jewelers for exact prices.
