Silver Rate Today, June 5, 2026: Silver Prices Fall ₹50 per 10 gm on Friday

Mumbai, June 5: Silver prices in India retreated on Friday, June 5, snapping a run of steady trading as selling pressure emerged across all major domestic markets. The national rate slipped to ₹275 per gram or ₹2,750 per 10 grams and ₹2,75,000 per kilogram a drop of ₹50 per 10 grams from Thursday’s close of ₹2,800. The move marks the first meaningful decline in over a week and comes as the market repositioned ahead of the Reserve Bank of India’s monetary policy announcement scheduled for 10 am.

10-Gram Rate: The Sharpest Drop in a Week

For retail buyers, the 10-gram benchmark is the most closely watched figure it is the standard unit for jewellery purchases, small savings, and gifting. On Friday, the 10-gram rate fell by ₹50 in every major Indian city without exception, making this the steepest single-session decline since silver corrected from its mid-May peak of ₹3,100. In Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad, the rate moved from ₹2,800 on Thursday to ₹2,750 on Friday. In the southern markets of Chennai, Hyderabad and Kerala, which carry a consistent regional premium, the 10-gram price eased from ₹2,850 to ₹2,800.

Check list of Silver ETFs in India

The uniform ₹50 decline across all cities is notable: it signals a broad-based retreat rather than localised selling, and suggests the trigger was macro or sentiment-driven rather than a regional supply or demand imbalance. Despite today’s fall, the southern premium of ₹50 per 10 grams over the national benchmark has held firm, reflecting the structural strength of retail and jewellery demand in those markets a pattern that has persisted throughout the post-tariff correction phase.

What Drove Friday’s Decline

Friday’s correction in silver comes against a backdrop of cautious global markets. International silver spot prices showed softness overnight as risk sentiment remained fragile, shaped by continued Strait of Hormuz disruptions and uncertainty around US-Iran tensions. The rupee, a key transmission channel for domestic precious metal pricing, held relatively stable meaning the decline was driven primarily by international spot weakness rather than currency effects.

Gold Prices

Gold prices on Friday also eased modestly: 24-karat gold slipped ₹110 to ₹1,56,100 per 10 grams, 22-karat fell ₹100 to ₹1,43,090, and 18-karat declined ₹90 to ₹1,17,070. Silver’s ₹50-per-10-gram drop is proportionally larger than gold’s move, which is typical of silver’s higher volatility. Traders will now watch the RBI’s rate decision closely: a dovish signal or rate cut could quickly reverse today’s losses, while a hawkish hold may keep silver under pressure in the near term.

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

On the supply side, the government’s import authorisation requirement for silver extended to grain and powder forms via a gazette notification on June 2 remains a medium-term price support. Any squeeze in import volumes under the new DGFT authorisation framework could limit the downside and help silver find a floor in coming sessions.

City-Wise Silver Rates: Friday vs Thursday

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Source: goodreturns.in | Friday, June 5, 2026 | Rates are indicative and may vary by jeweller.