Silver Rate Today, June 24, 2026: Silver Price Slides Rs 49-50 per 10 gram on Wednesday as Iran Peace Progress Dents Safe-Haven Demand

Mumbai, June 24: Silver prices in India fell notably on Wednesday after two sessions of near-flat trade, as easing geopolitical tensions following the Iran peace process and a recovery in oil tanker traffic through the Strait of Hormuz continued to drain the war premium that had been supporting the metal. The national rate for 10 grams of silver declined Rs 49 to Rs 2,450 on Wednesday, compared with Rs 2,499 on Tuesday, bringing the per-gram rate to Rs 245 and the per-kilogram rate to Rs 2,45,000.  

The move marks the most significant single-session drop for silver since last Friday’s Rs 100 fall triggered by the announcement of the US-Iran ceasefire, and signals that the quiet consolidation seen on Monday and Tuesday has now given way to a fresh leg lower as global risk appetite gradually returns and the case for holding silver as a safe-haven weakens. 

The decline was consistent across most major Indian cities, though the quantum of the fall differed slightly along geographic lines. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad all saw the 10-gram rate fall Rs 49 to Rs 2,450, from Tuesday’s Rs 2,499. The southern premium cluster, namely Chennai, Hyderabad and Kerala, registered a slightly larger decline of Rs 50 to Rs 2,499 per 10 grams, down from Rs 2,549 on Tuesday, narrowing but maintaining their Rs 49 to Rs 50 premium over the mainstream national rate.  

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

The consistency of the premium in southern markets, even as the absolute level fell, reflects the structural demand patterns in Tamil Nadu, Andhra Pradesh, Telangana and Kerala that tend to support firmer local pricing regardless of broader national trends. 

Gold Prices on Wednesday 

Gold prices extended their retreat on Wednesday, with the national rate for 10 grams of 24 karat gold falling Rs 2,190 to Rs 1,44,330, following Tuesday’s Rs 1,46,520 reading, as the sustained progress in US-Iran diplomacy continued to sap the metal’s geopolitical risk premium. The 22 karat rate for 10 grams declined to Rs 1,32,300, while the 18 karat rate fell to Rs 1,08,250, with all three purity levels tracking a broad easing in international bullion prices. Chennai retained its position as the most expensive gold market among major Indian cities, with 10 grams of 24 karat gold priced at Rs 1,47,920, maintaining a premium of Rs 3,590 over the national rate on account of higher local levies in Tamil Nadu. Buyers should note that Goods and Services Tax at 3% applies on all gold purchases and jeweller-specific making charges will add to the final retail price. 

10 gm Silver Prices: Tuesday, June 23 vs Wednesday, June 24, 2026 

Source

• goodreturns.in | Rates as of Wednesday, June 24, 2026. Tuesday rates sourced from goodreturns.in, June 23, 2026. All rates are indicative and may vary by jeweller.