Silver Rate on April 30: Silver Falls ₹100 per 10 gm
By HDFC SKY | Updated at: Apr 30, 2026 04:57 PM IST
Mumbai, April 30: Silver prices fell sharply in India on Thursday, snapping Wednesday’s flat session with a meaningful decline as easing safe-haven demand — partly driven by tentative hopes of diplomatic movement in the Iran-US standoff — pulled the metal lower across all markets.
The national benchmark rate for silver today stands at ₹250 per gram, or ₹2,500 per 10 grams and ₹2,50,000 per kilogram — down ₹10 per gram, or ₹100 per 10 grams, from Wednesday’s national rate of ₹260 per gram (₹2,600 per 10 grams). The decline marks the sharpest single-day move for silver in India this week and stands in contrast to Wednesday’s flat close, suggesting that the metal’s three-session consolidation has given way to a fresh leg lower as investors reassess the pace and durability of the geopolitical premium that had built up in bullion markets through April.
City-Wise Silver Prices — Thursday vs Wednesday
The steepest falls on Thursday were in the cities that had maintained elevated premiums through the week. Chennai, Hyderabad and Kerala — which had held at ₹2,650 per 10 grams on Wednesday — dropped ₹50 each to ₹2,600 per 10 grams today, giving back their persistent ₹50 city premium relative to the rest of India but still holding ₹100 above the national benchmark, reflecting the structural demand and logistics premium these southern and coastal markets command. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad all fell a steeper ₹100 each — from ₹2,600 per 10 grams on Wednesday to ₹2,500 per 10 grams today — tracking the national benchmark decline precisely, with no local divergence across these seven markets. The wider ₹100 fall in base-price cities versus the ₹50 fall in premium cities has temporarily narrowed the gap between the two tiers from ₹50 to just ₹100 — a compression that traders will watch closely in coming sessions for any sign of renewed premium expansion.
Gold Prices
Gold in India extended its losing streak into a third consecutive session on Thursday, with the national benchmark for 24-karat gold falling ₹71 per gram to ₹15,066 per gram — or ₹1,50,660 for 10 grams — down ₹710 per 10 grams from Wednesday’s ₹1,51,370. The 22-karat rate slipped ₹65 per gram to ₹13,810 per gram (₹1,38,100 for 10 grams) while the 18-karat rate declined ₹54 per gram to ₹11,299 per gram (₹1,12,990 for 10 grams). The three-day slide in gold — from ₹1,53,000 per 10 grams for 24K on Tuesday to ₹1,50,660 today — represents a total correction of ₹2,340 per 10 grams over 72 hours, reflecting profit-booking after April’s extraordinary rally driven by the Iran conflict. Like silver, gold’s pullback is orderly rather than sharp, with analysts noting that the Iran blockade and Strait of Hormuz disruptions continue to provide a firm floor under both metals even as the immediate fear premium bleeds out.
Silver Rates — 10 Grams Across Indian Cities (April 30, 2026)
|
City
|
Today (₹)
|
Wednesday (₹)
|
Change (₹)
|
|
Chennai
|
2,600
|
2,650
|
–50
|
|
Mumbai
|
2,500
|
2,600
|
–100
|
|
Delhi
|
2,500
|
2,600
|
–100
|
|
Kolkata
|
2,500
|
2,600
|
–100
|
|
Bangalore
|
2,500
|
2,600
|
–100
|
|
Hyderabad
|
2,600
|
2,650
|
–50
|
|
Kerala
|
2,600
|
2,650
|
–50
|
|
Pune
|
2,500
|
2,600
|
–100
|
|
Vadodara
|
2,500
|
2,600
|
–100
|
|
Ahmedabad
|
2,500
|
2,600
|
–100
|
Source: goodreturns.com
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