New Delhi, April 1: Silver prices (silver rates) in India opened the new financial year on a firm footing on Wednesday, April 1, as domestic rates climbed to INR 2,50,100 per kilogram. According to the latest data from the Good Returns website, the metal saw a modest daily increase of INR 100 per kg, building on a massive INR 5,000 surge recorded just 24 hours earlier. This steadying of prices follows a period of extreme volatility in early 2026, which saw silver briefly cross the historic INR 4 lakh mark in January before stabilising near current levels.

Check the latest silver rates today in major cities, including Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Jaipur, Lucknow, and Noida. Gold Rate Today, April 01, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

City-Wise Silver Rates As of April 1

While the national average is hovering just above the ₹2.50 lakh milestone, retail prices continue to show slight regional variations based on local taxes and demand. As of Wednesday morning, the indicative rates per kilogram are.

Silver Rates Today As of April 01, 2026 (Per Kilogram)

City Silver Price Today
Delhi INR
Mumbai INR 2,50,100
Chennai INR 2,49,900
Hyderabad INR 2,49,900
Bengaluru INR 2,50,100
Ahmedabad INR 2,50,100
Kolkata INR 2,50,100
Pune INR 2,50,100
Kerala INR 2,49,900
Vadodara INR 2,50,100

SEBI Implements New Valuation Norms

A major structural change takes effect today, April 1, as the Securities and Exchange Board of India (SEBI) rolls out a revised valuation framework for physical silver held by mutual funds and ETFs. Moving away from international benchmarks like the London Bullion Market Association (LBMA), funds must now use polled spot prices from recognised Indian stock exchanges. This shift is intended to ensure that domestic investment products more accurately reflect Indian market conditions, providing greater transparency for ETF investors and reducing the impact of currency conversion lag on daily valuations.

Considerations for Retail Buyers of Silver

For consumers looking to purchase physical silver today, it is important to remember that quoted market rates do not include additional costs. Final "on-road" prices in India typically involve:

Market Drivers and Global Context

The current price stability is influenced by a complex interplay of geopolitical and industrial factors. International spot silver is currently trading near USD 75.13 per ounce, supported by "safe-haven" buying amidst ongoing trade disputes between the US and the European Union. Furthermore, silver’s industrial role remains a primary floor for its valuation. The metal accounts for approximately 55 per cent of global consumption in sectors such as solar energy and electric vehicle (EV) manufacturing. Despite recent price pullbacks from January’s record highs, a fifth consecutive year of global supply deficits continues to provide long-term support for the metal.

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Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Good Returns), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Apr 01, 2026 08:49 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).