Silver Rates Today, June 9, 2026: Silver Price Holds Steady on Tuesday; 10-gm Rate Unchanged from Monday as Iran-Israel Truce Steadies Markets

Mumbai, June 9: Silver prices in India held their ground on Tuesday, with the national rate staying flat at ₹260 per gram — or ₹2,600 per 10 grams and ₹2,60,000 per kilogram — unchanged from Monday’s level as a cautious calm settled over commodity markets following the announcement of a mutual halt to Israel-Iran direct strikes. The 10-gram rate showed no movement from Monday’s ₹2,600 in the mainstream markets, and the southern premium cities of Chennai, Hyderabad and Kerala also held steady at ₹2,700 per 10 grams, exactly where they had been on June 8. Monday had already seen a steep ₹150 per 10 gram decline from Friday’s ₹2,750, and Tuesday’s flat reading signals that the selling momentum has at least temporarily exhausted itself, with buyers and sellers reaching a standoff at the current level. 

Silver’s price in India is closely tied to international spot silver benchmarks, which in turn respond to a complex mix of geopolitical risk appetite, industrial demand signals and the trajectory of the US dollar. After Sunday’s sharp escalation between Israel and Iran — which drove a fresh wave of risk-off selling that dragged silver prices lower in domestic markets — Monday’s ceasefire announcement by both Tehran and Washington has provided a degree of stability, though not enough of a positive catalyst to drive a meaningful recovery. 

President Trump secured an agreement from both sides to halt direct strikes, warning Israeli Prime Minister Netanyahu that continued aggression could leave Israel fighting without American backing — a statement that has, for now, reduced the immediate tail risk of a full Strait of Hormuz closure that had been the dominant overhang for global commodity markets. Silver, unlike gold, derives a significant portion of its demand from industrial uses — including electronics, solar panels and electrical components — which means its price recovery also depends on broader global manufacturing activity stabilising, a process that cannot be resolved purely by diplomatic developments in the Middle East. 

City-Wise Rates: Tuesday vs Monday 

Across India’s major cities, silver prices on Tuesday, June 9 are identical to Monday’s levels, with no movement recorded in either mainstream or premium markets. In Mumbai, New Delhi, Kolkata, Bangalore, Pune, Vadodara and Ahmedabad, the 10-gram rate continues to stand at ₹2,600 — holding the level to which it dropped sharply on Monday after a ₹150 fall from Friday’s ₹2,750.  

The southern markets of Chennai, Hyderabad and Kerala — which consistently command a ₹100 premium over the national benchmark due to stronger regional jewellery and industrial demand — are also unchanged at ₹2,700 per 10 grams, maintaining the structural spread that has been a feature of India’s regional silver pricing for some time. The city-wide stasis on Tuesday confirms that the metal is in a consolidation phase following Monday’s sharp correction, with the market awaiting clearer signals on both the durability of the Iran-Israel ceasefire and the direction of international spot silver before committing to the next move. 

Gold Prices 

Gold prices in India edged modestly higher on Tuesday, recovering a portion of Monday’s steep losses as a partial easing of geopolitical tensions — following the announcement of a mutual halt to Israel-Iran strikes — gave the precious metal a mild lift, though the ceasefire’s conditional nature kept a full-blown safe-haven rally in check.  

The national price of 24-karat gold (99.9% purity) rose to ₹1,53,160 per 10 grams, gaining ₹440 from Monday’s ₹1,52,720, while the 22-karat rate (91.6% purity) climbed to ₹1,40,400 per 10 grams, up ₹410 from Monday’s ₹1,39,990. The 18-karat price (75% purity) moved to ₹1,14,870 per 10 grams, adding ₹330 from Monday’s ₹1,14,540, with per-gram rates now standing at ₹15,316 for 24K, ₹14,040 for 22K and ₹11,487 for 18K. Gold’s modest uptick stands in contrast to silver’s flat performance on Tuesday, underscoring the metal’s stronger safe-haven credentials relative to silver, which remains more sensitive to industrial demand signals and risk appetite than to pure geopolitical hedging. 

10 Gram Silver Prices: Tuesday vs Monday (₹ per 10 gm) 

 Source

•  goodreturns.in | Tuesday, June 9, 2026. Monday prices from goodreturns.in, June 8, 2026. Rates are indicative and may vary by jeweller.