Silver prices in the Indian bullion market have witnessed a sharp decline, with rates crashing by up to 14% in several cities. In major hubs like Delhi and Noida, the price has dropped to ₹2.35 lakh per kg.
- Silver prices have seen an average decline ranging from 10% to 17%.
- Rates in Delhi and Noida have fallen to ₹2,35,900 per kg.
- Jaipur recorded the steepest decline at 17.5%.
The Indian precious metals market experienced a massive upheaval today. On August 18, 2026, silver prices witnessed a sudden and sharp downturn, leaving both investors and consumers startled. Prices across various metropolitan cities have plummeted between 10% and 17%, triggering high volatility in the market.
Specifically, in commercial hubs like New Delhi and Noida, the price of silver (999 purity) dropped by 14.8% to reach ₹2,35,900 per kg. The most significant crash was observed in Jaipur, where prices fell by 17.5%, bringing the rate down to ₹2,28,900 per kg.
Latest Silver Rates Across Major Cities
According to market data, the price distribution across different cities is as follows:
| City | Price (per kg) | Drop (%) |
|---|---|---|
| Pune | 2,43,900 | 0% |
| Mumbai | 2,38,900 | -12.1% |
| New Delhi | 2,35,900 | -14.8% |
| Bengaluru | 2,36,900 | -10.6% |
| Lucknow/Patna | 2,32,900 | -14.2% |
| Jaipur | 2,28,900 | -17.5% |
Why This Matters
BozokMedia analysis shows that this rapid decline in silver prices could be a signal of decreasing global industrial demand or a strengthening US Dollar. Since silver is used extensively in solar panels and electronic components, this price drop reflects the current state of the global tech and energy markets.
"Such abrupt drops in precious metals are often the result of profit-booking by large investors or signs of international economic uncertainty."
Historically, silver prices have been more volatile than gold. Whenever there are signs of a global economic slowdown or a dip in industrial demand, silver often sees these kinds of sharp corrections. Interestingly, Pune remains the only city where prices have remained stable.
Frequently Asked Questions
1. What is the current silver price in Delhi?
The price of 999 purity silver in Delhi today is ₹2,35,900 per kg.
2. Which city saw the maximum decline in silver rates?
Jaipur recorded the highest decline of 17.5%, with prices falling to ₹2,28,900 per kg.
