Silver Rebounds ₹150 per 10 gm on Monday 

Mumbai, May 4: Silver prices in India recovered sharply on Monday, reversing the losses of the previous session and posting one of the stronger single-day rebounds the metal has seen this week.

The national benchmark rate for silver stands at ₹265 per gram today — or ₹2,650 per 10 grams and ₹2,65,000 per kilogram — up ₹15 per gram and ₹150 per 10 grams from Thursday’s national rate of ₹250 per gram (₹2,500 per 10 grams). Thursday had seen the steepest single-day fall of the week for the metal, with the national benchmark dropping ₹100 per 10 grams in a single session, making Monday’s recovery all the more significant as it effectively erases more than the entire Thursday decline in one move. The rebound aligns with a broader improvement in global commodity sentiment following U.S. President Donald Trump’s announcement that the United States would begin guiding commercial ships through the Strait of Hormuz — a move that partially eased fears of a prolonged supply disruption and nudged precious metals higher alongside a softening in crude oil prices.

City-Wise Silver Prices – Monday vs Thursday

The recovery was broad-based but uneven across cities, with the base-price markets registering the sharper bounce. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad — all of which had fallen ₹100 per 10 grams on Thursday to settle at ₹2,500 — have today climbed ₹150 per 10 grams to ₹2,650, more than fully reversing Thursday’s decline and reaching their highest level since Wednesday. Chennai, Hyderabad and Kerala — which had absorbed a smaller ₹50 fall on Thursday to close at ₹2,600 per 10 grams — have risen ₹100 per 10 grams today to ₹2,700, re-establishing their traditional ₹50 premium over the national benchmark and maintaining their position as India’s most expensive silver markets. The gap between the two city tiers — which had briefly compressed to ₹100 on Thursday as the premium cities fell less — has now normalised back to ₹50 per 10 grams, a spread that has been a consistent feature of India’s silver market geography through April and early May.

Gold Prices

Gold prices in India also rebounded on Monday after three consecutive sessions of decline, with the national benchmark for 24-karat gold (99.9% purity) rising to ₹15,093 per gram — or ₹1,50,930 for 10 grams — up ₹270 per 10 grams from Thursday’s close of ₹1,50,660. The 22-karat rate (91.6% purity) recovered to ₹13,835 per gram (₹1,38,350 for 10 grams), gaining ₹250 per 10 grams over Thursday’s ₹1,38,100, while the 18-karat rate (75% purity) climbed to ₹11,320 per gram (₹1,13,200 for 10 grams), adding ₹210 per 10 grams from Thursday’s ₹1,12,990. The modest recovery in gold — like silver’s rebound — draws support from Trump’s Hormuz shipping announcement and a partial cooling in crude oil prices, with Brent easing to $107.53 a barrel, which reduced some of the uncertainty-driven volatility that had paradoxically weighed on safe-haven buying in recent sessions. Analysts, however, caution that both gold and silver remain sensitive to any fresh flare-up in the Iran situation, with the Strait of Hormuz still operating far below normal capacity and the absence of a formal peace agreement keeping the geopolitical premium in bullion markets very much alive.

Silver Rates — 10 Grams Across Indian Cities (May 4, 2026)

Source:

• goodreturns.in | As of May 4, 2026