Silver Rate Today (May 21, 2026): Silver Edges Up ₹50 Per 10 Gm on Thursday; First Gain in Five Sessions

Mumbai, May 21: Silver prices in India staged a modest recovery on Thursday, ticking up ₹50 per gram to ₹285 or ₹2,850 per 10 grams and ₹2,85,000 per kilogram marking the metal’s first positive session in five trading days. The ₹50-per-10-gm gain over Wednesday’s national rate of ₹2,800 is a tentative sign that the post-tariff correction, which had erased ₹300 per 10 grams from the spike-high of ₹3,100 recorded on May 14, may be finding a near-term floor.

While the recovery is modest and does not yet signal a definitive reversal, the change in direction after five consecutive sessions of losses  or flat trade is likely to be watched closely by bullion dealers and retail buyers as a potential signal that the worst of the post-tariff adjustment is behind the market. Thursday’s uptick brings silver back to the ₹2,850 level that had served as an interim support during the early part of last week’s correction.

The recovery on Thursday comes against a backdrop of firming global silver spot prices, which have been supported by renewed safe-haven demand tied to the ongoing West Asia conflict and a marginally softer US dollar. Domestically, the persistent discount of Indian silver to pre-tariff levels a consequence of the government’s decision to raise import duties on precious metals to 15 per cent has begun to attract selective buying from industrial users and silverware manufacturers who had been deferring purchases through the correction.

Trade sources note, however, that the elevated import levy continues to keep Indian prices above international parity, creating a structural overhang that is likely to cap the pace of any meaningful price recovery. The broader question for the market in the sessions ahead is whether Thursday’s modest bounce represents the beginning of a sustained recovery or merely a technical pause before the correction resumes.

City-wise Rates

The recovery on Thursday was uniform across all cities, with every major market gaining exactly ₹50 per 10 grams over Wednesday’s close. Chennai, Hyderabad and Kerala — which had declined sharply to ₹2,850 on Wednesday after holding at ₹3,000 through Tuesday — each edged back up to ₹2,900 per 10 grams on Thursday, re-establishing a ₹50 premium over the national benchmark. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad all rose uniformly to the national rate of ₹2,850 per 10 grams from Wednesday’s ₹2,800, with the consistent ₹50 gain across every city suggesting that Thursday’s recovery was driven by a broad-based national shift in sentiment rather than any localised demand resurgence in individual markets.

Gold Prices

Gold prices in India also rose on Thursday, extending their recovery to a third consecutive session, with 24-karat gold advancing to ₹1,59,930 per 10 grams — up ₹1,580 from Wednesday’s ₹1,58,350 and the largest single-session gain of the current recovery streak. The 22-karat rate climbed to ₹1,46,600 per 10 grams, up ₹1,450 from Wednesday, while 18-karat gold advanced to ₹1,19,950 per 10 grams, gaining ₹1,190. The three-session gold rebound of ₹3,710 per 10 grams in 24K, combined with Thursday’s first silver uptick in five sessions, points to a broader stabilisation in India’s precious metals market following last week’s tariff-driven turbulence.

10 Gram Silver Prices: Thursday vs Wednesday -City-Wise Comparison

Source:

• goodreturns.in | Thursday, May 21, 2026