Prices decline across major cities; experts cite subdued industrial demand and global uncertainty
New Delhi, May 1 (H.S.): Spot silver prices declined in domestic bullion markets on Friday, slipping below the ₹2.5 lakh mark in Delhi amid weak demand and global uncertainty.
In the national capital, silver prices fell by ₹5,000 per kilogram to trade at ₹2,49,900 per kilogram. Similar trends were observed in other major cities, with Mumbai, Ahmedabad and Kolkata quoting silver at ₹2,49,700 per kilogram.
In Jaipur, Surat and Pune, prices remained relatively stable at ₹2,50,000 per kilogram. Bengaluru recorded slightly higher levels at ₹2,50,200 per kilogram, while Patna and Bhubaneswar saw silver trading at ₹2,49,800 per kilogram.
Sharp Decline in Southern Markets
Hyderabad witnessed a steeper drop, with silver prices falling by ₹8,600 per kilogram to ₹2,69,800. Chennai, despite a decline of ₹8,900 per kilogram, continued to record the highest price among major cities at ₹2,70,100 per kilogram.
Market Outlook
Market expert Mayank Mohan attributed the decline to reduced industrial demand, particularly in the backdrop of ongoing tensions in West Asia. He noted that price movements are likely to remain limited in the near term due to prevailing uncertainty in global markets.
Analysts suggest that a recovery in silver prices may depend on easing geopolitical tensions, which could revive industrial demand and support upward momentum in international and domestic bullion markets.
(With inputs from H.S.) Inputs & Images courtesy: Hindusthan Samachar (H.S.)
Edited by: Dikshita Bollu
Last Updated on: Friday, May 1, 2026 1:53 pm by Bollu Dikshitha | Published by: Bollu Dikshitha on Friday, May 1, 2026 1:53 pm | News Categories: India
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