Silver Rate Today, May 21: What is the price of 1 kg 999 silver in your city?

Silver prices continued to show high volatility with prices rising on Thursday (May 21, 2026). As per Goodreturns.in, price of the precious white metal today surged by ₹5000 to ₹2.85 lakh per kg.

In May, silver has posted wild swings, with prices climbing from ₹2.55 lakhs as recorded on May 5 to the month's high of ₹3.1 lakh and then again retreating lower.

Joyalukkas: 20 gm silver bar costs ₹6,576.

eBullion: Silver of 99.99% purity is priced at ₹276.6/ gm, down by ₹1.49.

IBJA: On India Bullion and Jewellers Association (IBJA), silver 999 is priced at ₹2,65,808 per kg.

Factors influencing silver price today

In the retail market, silver price surged on the back of softness in the US dollar, falling crude oil price from recent highs, and continued structural shortfall in the retail market.

Meanwhile, in the futures market on the MCX, mirroring trend overseas, silver July futures at around 2:30 pm traded with a cut of 0.9% or ₹2,466 at ₹2,71,799 per kg. The contract touched the day's low and high price of ₹2,69,717 and ₹2,73,196 per kg.

US silver futures traded with a even sharper cut of over 2% at $75.85 per ounce.

The white metal price showing heightened volatility recorded a fall today as amid continuing US-Iran crisis, rate-hike bets and inflation risks took centrestage.

Higher rates in the economy make metals such as gold and silver less appealing for the masses due to their inherent non interest-yielding feature.

Today's Augmont Bullion report noted that "silver has erased all gains built on AI-sector optimism and growing demand for metals used in data centre infrastructure."