Silver Rate today: Silver prices steady; check price of 1 kg 999 silver across major cities

Silver prices have remained static for the sixth-straight day on Thursday (June 4, 2026). According to Goodreturns.in, the precious white metal at around 10 am quoted at ₹2.8 lakh per kg, with no change over the previous day.

On the India Bullion and Jewellers Association (IBJA) website, silver 999 today traded at ₹2,59,143 per kg, while it quoted at ₹2,61,575 in the evening session on the previous day.

India’s silver imports reached a record $12 billion in the financial year ended March 2026, sharply higher than $4.8 billion in the previous year. In April alone, silver imports surged 157% year-on-year to $411 million, highlighting strong demand for the precious metal.

Hence to curb the ever-rising silver imports, India 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).

Factors influencing silver rate today

After gaining in the early session, silver July futures at around 11:20 am traded lower by ₹456 or 0.17% at ₹2,62,502 per kg. The futures contract in the previous session closed at ₹2,62,958 per kg. The day's high and low prices stood at ₹2,64,324 and ₹2,62,206.

In early part of the trade, silver prices gained in the backdrop of falling dollar and crude oil prices, amid renewed optimism around the US-Iran peace deal.

Investor sentiment improved after Washington on Wednesday announced that Israel and Lebanon have agreed to implement a ceasefire, reinforcing hopes of a potential resolution to the US-Iran conflict.

Silver prices are trading lower amid lingering inflation concerns, supporting the case for a tighter stance by global central banks. The higher interest rate outlook dents the appeal of non interest yieldind assets, including silver.