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Wednesday, July 15, 2026, has brought great relief for those buying silver in the domestic bullion market or planning to invest in precious metals. Amidst the ongoing global geopolitical tensions and economic uncertainties, a huge fall of ₹ 1,062 per kg has been recorded in the price of silver in the Indian markets. After this bearish trend, the price of silver in the national market has slipped to ₹ 2,22,498 per kg, whereas in the last trading session, silver had closed at ₹ 2,23,560 with a huge gain of ₹ 5,508.
Latest price of silver in bullion market of Delhi-NCR
Today, the official rate of 1 kg of silver has been recorded at ₹ 2,22,498 in the main bullion market of the country’s capital Delhi. After this reduction of ₹ 1,062 in Delhi, the retail rate of 10 grams of silver in the local retail jewelery market has now come down to ₹ 2,224 and the price of 100 grams of silver has come down to ₹ 22,249. On the contrary, today the price of silver per kg in the bullion market of Mumbai is trending at the level of ₹ 2,22,350.
Big change in silver prices in Uttar Pradesh and Bihar
Due to local taxes on geographical basis, silver price in Uttar Pradesh capital Lucknow and other parts of the state was recorded at ₹2,24,300 per kg, which witnessed a decline of ₹1,048 today. At the same time, silver lovers have got the biggest benefit in Patna, the capital of Bihar, because here the price of silver closed at ₹ 2,22,054 with a huge cut of ₹ 1,506 per kg.
Rate cards of major cities of Rajasthan, Punjab and Haryana
Silver prices in Rajasthan’s Jaipur city, one of the largest jewelery hubs in western India, fell by ₹1,451 per kg to ₹2,22,109. Apart from this, silver prices were equally stable today in the bullion markets of neighboring states Punjab and Haryana, where the price of 1 kg silver opened at ₹ 2,22,376 in both the states.
Why did silver break due to global tension and US Fed policies?
According to commodity market experts, this recent fall in silver prices is directly related to the increasing military tension between America and Iran. Crude oil prices have increased for the third consecutive day in the international market due to US President Donald Trump’s strict warning regarding Iran and the ongoing naval blockade in West Asia. If global crude oil prices remain high for a long time, there will be a danger of inflation increasing across the world. In such a situation, the US Central Bank Federal Reserve can keep its interest rates at a high level for a long time, due to which investors are withdrawing money from precious metals and investing it in the bond market and due to this, this fluctuation is being seen in the prices of silver.