Silver Prices in India Fall 0.07% to ₹228,190 per kg Amid Global Market Volatility

On 1 July 2026, the price of 1 gm of silver was ₹228, and the price of 1 kg of silver was ₹228,190, reflecting a loss of 0.07% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,282. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver traded under pressure today, easing to $58.46 per ounce (around Rs 2,20,300 per kg). Precious metals continued to weaken as a stronger US dollar and rising Treasury yields reduced the appeal of non-yielding assets, while expectations of further US Federal Reserve policy tightening remained a key headwind. ALSO READ Silver Rate Today 30th June 2026: Silver is up by 2.63%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad Investors are also awaiting upcoming U.S. employment data for further direction. Meanwhile, WTI crude oil rebounded to $70.13 per barrel (about Rs 6,635 per barrel) after renewed geopolitical concerns resurfaced following Iran’s refusal to hold direct talks with US officials, raising fears over the stability of the Middle East ceasefire and supporting oil prices. Overall, commodity markets remain volatile as traders closely monitor geopolitical developments and key US macroeconomic data. ALSO READ RBI announces premature redemption price of SGBs redeeming on July 1; investors gain 359% in 5 years