Silver Rate Today, July 17, 2026: Silver Price Drop Rs 49 per 10 gram on Friday

Mumbai, July 17: National rates for silver were Rs 2,300 per 10 grams on Friday, down by Rs 49 from Rs 2,349 the previous day. Silver rates nationally on Friday were Rs 2,30,000 per kilogram. Silver price was Rs 230 per gram. 

The decline snapped the ultra-tight range bound trading that silver has been trapped in for most of the week so far. While tracking a cocktail of global cues, as is currently the case with Iran-US tensions brewing over the Strait of Hormuz closure continuing to keep investor sentiment vulnerable across asset classes, traders said silver was finally catching up with some of the volatility that gold and crude oil have witnessed over the week after several days of muted price moves. 

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On a city-by-city basis, comparing Friday’s quotes to levels seen on Monday reveals a much sharper contrast in behaviour between certain hubs. Chennai, Hyderabad and Kerala stood out at the start of the week by commanding a significant premium of Rs 2,400 per 10 grams. Friday’s quotes at Rs 2,399 shows a reduction of merely Re 1 over the course of four trading sessions. Delhi, too, has stayed glued to its starting price of Rs 2,350 on Monday, falling just Re 1 to Rs 2,349. 

Other cities that usually trade at or near national prices including Mumbai, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad fell Rs 50 to Rs 2,300 per 10 grams on Friday from Rs 2,350, where they opened the week on Monday. This discrepancy suggests that the premium cluster and Delhi have managed to sustain their rates relatively unchanged through the week despite the broader market coming off in line with the national benchmark price, implying that demand-supply factors continue to buttress rates in these geographies even as the rest of the market weakens. 

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

Gold rates in India also declined on Friday, shedding Rs 300 per 10 grams. The price of 24 karat gold came in at Rs 1,43,280 as compared to Rs 1,43,580 the day prior. 22 karat gold dropped Rs 270 to Rs 1,31,340 per 10 grams. 18 karat gold dipped Rs 220 to Rs 1,07,460 per 10 grams. This comes after gold bucked the trend on Thursday, snapping a three-day downtrend to close higher. Gold prices continue to trade near record highs. Bullion prices have been moving in tandem with global prices, influenced by rupee-dollar exchanges and staying afloat on safe-haven demand due to developments in the Middle East. 

Market experts mentioned that both gold and silver prices have been gyrating with every development on the geopolitical crisis in the Middle East. If Iran and US situation escalates further, it will revive demand for the safe-haven metals. Experts said that silver has been seeing buying support from industrial sectors which uses silver like in electronics sector and solar photovoltaic panels. Whereas gold demand is led by investment and jewellery making sectors. Besides the basic import duty, state governments charge local taxes that get factored into the cost. 

10 Gram Silver Rates: Friday, July 17 vs Thursday, July 16, 2026 

Source

• goodreturns.in. Rates as of Friday, July 17, 2026. Monday and Thursday comparison rates sourced from prior-session reporting. All rates are indicative and subject to local taxes, making charges and GST at 3 per cent. Readers are advised to check with local jewellers for live quotes before buying or selling bullion.