Silver Rate today, April 2: What's the price of 100 g to 1 kg of 999, 925 silver in your city?

Silver prices, in tandem with the fall in gold rate, drifted southwards today (April 2, 2026). The price of 10 gm silver stood at ₹2,670, while 1 kg was quoted at ₹2,67,000, marking a decline of 1.84% from the previous day.

On the previous day, 10 gm silver was priced at ₹2,720, and 1 kg at ₹2,72,000.

Earlier in January this year, silver prices, after a sharp rally, had surged to an all-time high of ₹4,27,100 per kg, hitting past the ₹4 lakh mark for the very first time.

The steep rise in the metal prices were largely driven by safe-haven demand as investors tend to shift towards assets like silver during periods of economic and geopolitical uncertainty.

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

The city-wise price trend in silver for 100 gm of silver is given in the table below:

Silver prices declined today amid gains in the US dollar following US President Donald Trump’s address signalling continuation of its military strikes in Iran.

Typically, when the dollar strengthens, investment options like silver become more expensive for buyers holding other currencies, thus weighing on overall demand.

Furthermore, silver prices also fell as Federal Reserve rate cut hopes have declined substantially, with markets pricing in just a single or zero cut this year. Higher interest rates in the economy reduce the demand for non-interest yielding assets such as silver.

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