Silver Rate Today, June 19, 2026: Silver Price Drops ₹100 per 10 gram on Friday as Iran Ceasefire Signing Drags Bullion Lower

Mumbai, June 19: Silver prices in India fell sharply on Friday, June 19, recording one of the steepest single-session declines in recent weeks as the formal signing of the US-Iran interim ceasefire agreement overnight triggered a broad-based retreat across precious metals. The national rate stands at ₹250 per gram — or ₹2,500 per 10 grams and ₹2,50,000 per kilogram — down ₹100 per 10 grams from Thursday’s ₹2,600, a meaningful single-day fall that extends the pullback from Wednesday’s ₹2,650 level. 

Friday’s sharp decline mirrors the wider metals selloff driven by the removal of the geopolitical risk premium that had underpinned silver and gold prices since the US-Iran conflict began in February. With the Strait of Hormuz set to reopen, oil tumbling, and the safe-haven bid unwinding fast, silver — which tracks both precious metal sentiment and industrial demand — has been hit on both fronts simultaneously.  

The US Federal Reserve’s hawkish stance from Wednesday, signalling possible rate hikes later this year rather than cuts, has added further pressure by strengthening the dollar, which typically moves inversely to silver prices. The combination of a fading war premium and a stronger greenback has proved a punishing double blow for the metal in Friday’s session. 

Also Read: Check list of Silver ETFs in India 

Across India’s major cities, Friday’s pricing reflects a broadly uniform decline from Thursday’s levels. The mainstream tier — Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad — fell ₹100 to ₹2,500 per 10 grams, down from Thursday’s ₹2,600.  

The premium cluster of Chennai, Hyderabad and Kerala recorded an even sharper drop of ₹150, falling to ₹2,550 per 10 grams from Thursday’s ₹2,700, narrowing the premium gap over the mainstream rate from ₹100 to just ₹50. This narrowing suggests demand in the traditionally higher-priced southern markets has softened relative to other cities, with buyers stepping back amid the sudden price slide. 

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

Gold prices, meanwhile, also saw a dramatic sell-off on Friday, with the national rate for 10 grams of 24 karat gold crashing to ₹1,45,860 — down ₹5,240 from Thursday’s ₹1,51,100. The 10-gram rate for 22 karat gold fell to ₹1,33,700, lower by ₹4,800 from Thursday’s ₹1,38,500, while 18 karat gold dropped to ₹1,09,390, down ₹3,930. Friday’s gold decline effectively erases the bulk of the gains from Monday’s record-breaking Iran peace deal rally in a single session. 

10 Gram Silver Prices: Friday vs Thursday 

Source: 

• goodreturns.in | Rates as of Friday, June 19, 2026. Thursday rates sourced from goodreturns.in, June 18, 2026. All rates are indicative and may vary by jeweller.