Silver Rate Today, April 29: How much you have to pay for silver today

Silver price in India today (April 29, 2026) after a two-day losing streak in the retail market is showing good momentum. Defying trend in the gold market, silver prices in the retail market today has increased by a substantial over 4% or ₹12,000 and is quoting at ₹2,77,000 per kg.

In the last 10 days, silver prices after swinging between gains and losses, have come down by ₹15,000 per kg,

Factors influencing silver rate today

Silver prices in the country have seen a rebound in the retail market primarily amid heightened uncertainty in US-Iran conflict, structural supply issues as well as increasing demand.

On the MCX too, silver May futures traded with a gain of 0.23% or ₹555 at ₹2,37,900 per kg.

Notably, silver has come down heavily from its all-time high hit of over ₹4.4 lakh in early 2026, suggesting a sharp sell-off.

Internationally, the US silver futures are trading close to fresh lows at $73.48, up 0.36 per cent. This is as industrial demand concerns and rising yields weigh on the white metal.