Silver Price Crash: Significant fluctuations were observed in gold and silver prices over the past week. In fact, gold and silver prices tend to change daily. On Friday—the final trading day of this week—silver futures on the Multi Commodity Exchange (MCX) closed at ₹2,808 per kilogram. Over the five trading days of this week, the price of 1 kg of silver has collectively dropped by ₹12,821. Meanwhile, gold futures have declined by up to ₹1,800.
Key Takeaways
Quick Read- Silver Price Crash:
- Silver Price Crash – Weekly Overview
- April 17 closing price ₹2,57,142 per kg
- April 25 closing price ₹2,44,321 per kg
Silver Price Crash – Weekly Overview
April 17 closing price ₹2,57,142 per kg
April 25 closing price ₹2,44,321 per kg
Weekly drop ▼ -₹12,821 per kg
Decline from All-Time High
All-time high (January 2026) ₹4,39,337 per kg
Current price (April 25) ₹2,44,321 per kg
Total drop from peak ▼ -₹1,95,016 per kg
IBJA vs MCX (Friday Close)
Market April 17 April 25 Weekly Drop
MCX ₹2,57,142 ₹2,44,321 ▼ -₹12,821
IBJA ₹2,49,940 ₹2,43,825 ▼ -₹6,115
How Much Has Silver Fallen from Its High?
Silver prices have witnessed continuous fluctuations over the past few days. At times, silver rates have shown a steady upward trend, while at other times, they have experienced slight declines. On April 17, the MCX silver price closed at ₹257,142, whereas on Friday of this week, the rate for one kilogram of silver closed at ₹244,321.
Based on these figures, silver futures have become cheaper by ₹12,821 per kilogram over the span of five trading days. In January, the MCX rate for silver had reached a high of ₹439,337 for the first time. All things considered, silver has now fallen by a total of ₹195,016 from its peak level.
Turning to the domestic market, according to the website of the Indian Bullion Jewellers Association (IBJA.com), silver has become cheaper by ₹6,115 per kilogram. On April 17, the price of 1 kg of silver closed at ₹249,940, whereas on Friday, it closed at ₹243,825.
Silver Prices: City-Wise
The price of one kilogram of silver in Delhi is ₹259,900.
The price of one kilogram of silver in Mumbai is ₹259,900.
The price of one kilogram of silver in Ahmedabad is ₹259,900.
The price of one kilogram of silver in Chennai is ₹2,69,900.
The price of one kilogram of silver in Kolkata is ₹2,59,900.
The price of one kilogram of silver in Hyderabad is ₹2,59,900.
The price of one kilogram of silver in Jaipur is ₹259,900.
The price of one kilogram of silver in Bhopal is ₹259,900.
The price of one kilogram of silver in Lucknow is ₹259,900.
The price of one kilogram of silver in Chandigarh is ₹259,900.
