Silver Rate Today, July 3, 2026: Silver Price Gains Rs 50 per 10 gram on Friday as Rally Extends for Second Straight Session

Mumbai, July 3: The national price of silver for 10 grams climbed to Rs 2,451 on Friday (that translates to Rs 245.10 per gram and Rs 2,45,100 per kilogram) witnessing a Rs 50 hike from Thursday’s national price of Rs 2,401 for 10 grams. 

On Thursday, silver jumped Rs 52 to Rs 2,451 per 10 grams after dipping below Rs 2,400 for just a session on Wednesday. The Rs 102 gain seen over the last two sessions has thus quickly reversed Wednesday’s softness and propelled the metal to fresh lifetime highs. 

India’s domestic price movements for silver are influenced by international prices and can either rise or fall on factors such as global industrial demand for silver, the US dollar and risk-on or risk-off sentiment in global markets. 

Check list of Silver ETFs in India 

The unbroken two-day rise indicates that the metal has put Wednesday’s weakness firmly behind it now and is gathering fresh upward steam into the weekend amid traders citing continued weakness in the dollar and guarded optimism around tensions between Iran and the US easing, although remaining unresolved, over the Strait of Hormuz situation. 

Comparing prices across Indian cities with Thursday’s movement, rates in Mumbai went up by Rs 50 to Rs 2,451 per 10 grams from Rs 2,401. The same can be said for Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad which also all climbed Rs 50 each to Rs 2,451 per 10 grams from Rs 2,401 on Thursday, keeping these six cities aligned perfectly with each other for two sessions in a row. 

Meanwhile, Chennai remained at a premium to the rest of the country by gaining Rs 52 to Rs 2,501 per 10 grams from Thursday’s Rs 2,449. Hyderabad and Kerala both rose Rs 52 to Rs 2,501 per 10 grams from Rs 2,449 as well. 

Also Read: How to Invest in Silver: 6 Best Ways (2026) 

The Rs 50 distance between silver priced higher in Chennai, Hyderabad and Kerala and the rest of India thus remained constant as both groups of cities increased by the same amount on Friday rather than one cluster out-moving the other, continuing a trend we’ve seen develop throughout the second half of this week. 

The above mentioned rates are indicative. The price that customers are actually offered by jewellers will include GST of 3% and making charges. Making charges may differ from jeweller to jeweller. 

Gold Prices on Friday 

Gold prices saw a sharp rebound on Friday with the national rate for 10 grams of 24 karat gold rising to Rs 1,43,790. This is a gain of Rs 3,020 over Thursday’s closing price of Rs 1,40,770. The price of 22 karat gold increased by Rs 2,770 to Rs 1,31,810 for 10 grams. Similarly, 18 karat gained Rs 2,270 to reach Rs 1,07,850 for 10 grams. Gold’s three session decline was therefore reversed Friday as bargain hunters likely returned to the market after gold’s recent pullback even as sentiment around the Iran-US tensions continue to waver following this week’s failed Doha negotiations over the Strait of Hormuz. Chennai continued to be the most expensive city for gold with 24 karat priced at Rs 1,46,190 for 10 grams. This is Rs 2,400 higher than the national rate. Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune were all exactly at the national benchmark price. 

10 gm Silver Prices: Thursday, July 2 vs Friday, July 3, 2026 

Source

• goodreturns.in | Rates as of Friday, July 3, 2026. Thursday rates sourced from goodreturns.in, July 2, 2026. All rates are indicative and may vary by jeweller.