Silver Prices in India Fall by 0.64% Amid Geopolitical Tensions and Inflation Concerns

On 6 April 2026, the price of 1 gm of silver was ₹234, and the price of 1 kg of silver was ₹234,440, reflecting a gain of 0.64% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,344. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver dropped toward $72 per ounce on Monday, continuing its downward trend as geopolitical tensions intensified following fresh threats and deadlines related to Iran. ALSO READ Silver Rate Today 2nd April 2026: Silver is down by 4.45%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad Despite ongoing conflict, silver has fallen more than 20% since tensions began, as rising energy prices have driven inflation concerns and strengthened expectations of higher interest rates. This has reduced the appeal of non-yielding assets like silver. The metal has underperformed its typical safe-haven role, facing selling pressure from forced liquidations as investors moved funds to offset losses in other asset classes amid heightened market volatility. ALSO READ Have central banks started selling gold?