Silver Rate Today, June 1, 2026: Silver Price Holds Steady on Monday: National Rate Unchanged at ₹2,800 per 10 Gram

Mumbai, June 1: Silver prices in India opened the new week on a steady note, with the national benchmark rate holding firm at ₹280 per gram or ₹2,800 per 10 grams and ₹2,80,000 per kilogram unchanged from Friday’s close. The metal has now stabilised at this level after slipping ₹50 from the ₹2,850 that held through the middle of last week, suggesting the market has found a near-term floor following last week’s modest correction. For retail buyers tracking the 10-gram lot the standard unit for most silver purchases Monday’s flat open offers a degree of price certainty as markets digest weekend developments in global commodity trade.

City-Wise Rates on Monday: Southern Premium Holds at ₹100

Across India’s major cities on Monday, silver prices mirror Friday’s closing levels without exception. Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad all quote the metal at ₹2,800 per 10 grams unchanged from Friday while Chennai, Hyderabad and Kerala continue to command a ₹100 premium at ₹2,900 per 10 grams, also steady from the previous session.

The southern premium, which had briefly narrowed to ₹50 earlier in the week when the benchmark stood at ₹2,850, widened back to its customary ₹100 gap on Friday after the national rate eased, and that differential has carried over intact into Monday. The durability of this spread reflects entrenched structural demand from jewellery manufacturing clusters, temple silverware procurement and active wedding-season buying that consistently keeps southern city prices stickier than those in northern and western markets.

What Moves Silver Prices in India?

Silver pricing in India is shaped by a layered set of global and domestic forces. At the broadest level, international spot prices on the COMEX and the London Bullion Market set the directional tone for domestic rates, which tend to track global movements closely. Overlaid on this is the rupee-dollar exchange rate: a weaker rupee raises the cost of silver imports and can push domestic prices higher even when global rates are unchanged, while a firmer rupee can blunt the impact of any global strength.

Domestic demand dynamics particularly from high-consumption centres such as Chennai, Hyderabad and Kerala, which account for a disproportionate share of India’s jewellery and silverware demand create the persistent city-level differentials that mark the Indian market. Import duty structures and GST applicability add further layers to the final consumer price. Monday’s flat open, holding the ₹2,800 level that emerged after last week’s ₹50 correction, suggests global signals and the currency are broadly neutral heading into the new trading week.

Gold Prices

Gold prices in India fell sharply at the start of the new week on Monday, June 1, extending a correction that has now run across five of the past seven sessions as the prospect of a US-Iran ceasefire extension continued to erode the geopolitical risk premium that had underpinned safe-haven demand for the metal.

The national price of 24-karat gold (99.9% purity) declined to ₹1,56,220 per 10 grams, shedding ₹1,420 from Friday’s ₹1,57,640. The 22-karat rate (91.6% purity) fell to ₹1,43,200 per 10 grams, down ₹1,300 from Friday’s ₹1,44,500. The 18-karat price (75% purity) eased to ₹1,17,170 per 10 grams, retreating ₹1,060 from Friday’s ₹1,18,230. On a per-gram basis, 24K gold now stands at ₹15,622, 22K at ₹14,320 and 18K at ₹11,717.

10 gm Silver Prices: Monday vs Friday

*Source: goodreturns.in | Monday, June 1, 2026