Silver Price Drop: Significant fluctuations in gold and silver prices are being observed daily. On Thursday—the fourth trading day of the week—changes in the prices of both precious metals were noted on the MCX right at the opening of the session. While gold rates saw a marginal rise on the MCX, silver prices declined. Silver is now more than ₹2.04 lakh cheaper per kilogram than at its peak.

According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold rose by ₹177 to reach ₹1.42 lakh, whereas the price of one kilogram of silver dropped by ₹789 to settle at ₹2.17 lakh. If you are considering buying silver jewellery or investing in the metal, let’s look at how much the price has dropped.

How much cheaper has silver become?

On the MCX, the price of silver (with a September 4 expiry) slipped to ₹2,15,702 per kilogram immediately upon opening on Thursday, down from its previous close of ₹2,17,479. Silver has become cheaper by ₹1,777 per kilogram.

Silver is now ₹2,04,346 per kilogram cheaper than its all-time high. It is worth noting that on January 29 of this year, the price of silver in futures trading shattered all previous records, crossing the ₹4 lakh mark for the first time and touching an all-time high of ₹4,20,048 per kilogram. However, since hitting that peak, silver prices have been consistently declining.

There has been a ₹13,000 drop in the price of silver. Silver was priced at ₹2.30 lakh per kilogram on December 31, 2025, and now stands at ₹2.17 lakh.

Delhi Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Mumbai Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Kolkata Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Chennai Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Patna Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Lucknow Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Meerut Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Kanpur Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Ayodhya Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Ghaziabad Silver Rate

Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Noida Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Gurugram Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Chandigarh Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000

Jaipur Silver Rate
Price of 10g silver – ₹2,350
Price of 100g silver – ₹23,500
Price of 1kg silver – ₹2,35,000