Silver Rate Today, June 3: How much you have to pay for 999 silver

Silver prices in the retail market were steady for the fifth consecutive day on Wednesday ( June 3, 2026). According to Goodreturns.in, the precious white metal at around 10 am quoted at ₹ 2.8 lakh per kg.

On the India Bullion and Jewellers Association (IBJA) website, silver 999 traded at ₹2,65,300 per kg in the evening session on the previous day.

India has further tightened silver import regulations by placing silver grains, powder, other forms, and products containing 99.9% silver under the restricted category, requiring importers to obtain prior authorization from the Directorate General of Foreign Trade (DGFT).

Silver rates in India are determined based on international spot prices and then adjusted for domestic factors.

Factors influencing silver rate today

Silver July futures on the MCX , in tandem with the international markets, traded lower by 0.43% or ₹1,152 at ₹2,65,555 per kg at around 10:40 am. Internationally, silver futures for July delivery traded with a cut of 0.64% at $75.07 per ounce.

The drag in the white-metal was seen amid slight gains in the US dollar as well as the 10-year bond yield.

As dollar gains, greenback-priced silver is rendered expensive for holders of other currencies, making it less-appealing.

Also, renewed escalation in the Middle East crisis has pushed oil prices higher, reinforcing bets of a higher-for-longer interest rate regime for curbing inflation.

Higher interest rates in the economy weigh on the appeal of non-interest yielding assets like silver.