Silver Rate on April 16: Check silver prices at jewellery stores in different cities today

Silver prices on Thursday (April 16, 2026), mirroring marginal gains in gold, also moved higher. Today, the price of silver rose by ₹100 per kg, with prices retailing at ₹2,87,100 per kg.

In 10 days, the prices have scaled from ₹2,67,000 to ₹2,87,100 per kg.

Also read: Gold price on April 16, 2026

Silver prices in India are determined based on international spot rates, currency exchange rates (USD/INR), and import duties.

Silver rates across brands

Tanishq: 10 Gram 999 Purity Silver Coin is available for ₹3,750. The price is inclusive of taxes and charges.

Senco Gold: 1 kg of 999 purity silver will cost ₹3,18,373 (prices are inclusive of making and GST charges)

Joyalukkas: 20 gm silver bar is selling for ₹6,345

Why silver prices soared today?

Silver prices show a significant rally today, rising nearly 1%. On the MCX, May silver futures after hitting the day's high price of ₹2,55,735, was up nearly 0.9% or ₹2,258 per kg at ₹2,54,000 per kg.

The prices have gained amid a decline in the dollar index, which is hovering near its one-month low levels. At the time of writing at around 12:38 pm (IST), DXY traded close to 98 levels.

Meanwhile, US silver futures traded with decent gains at $80.365.

Further as per reports, the white metal may face continued shortage with the asset class heading for its sixth consecutive-year of structural deficit. This is even as there are expectations of lower demand for the metal.

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