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In the Indian bullion market, on the first trading day of the week i.e. Monday, September 7, 2026, big fluctuations were once again seen in the trading of precious metals. Amidst the slowdown in the gold market, a huge jump has been recorded in the prices of silver today, which is expected to put additional burden on the pockets of common consumers planning to buy jewelery and jewellery. Due to the ongoing economic developments at the global level, strengthening American economy and fresh demand from the industrial sector, silver prices have gone up like a rocket in the domestic bullion market. Today, the shine of silver has become more intense from the national capital Delhi to major metros like Mumbai in Uttar Pradesh, Bihar, Rajasthan and Maharashtra. At present, the only question revolving in the minds of investors and customers is at what price silver is being sold in their own city and in which direction this market of precious metals is going to move in the coming days. Let us understand in detail the latest retail and wholesale prices of silver in major cities of the country as well as the complete economic reasons behind this rise.
Bumper jump in silver prices on Monday, new price reached in bullion market
On the very first day of the week i.e. Monday, there has been a huge increase in the spot trading of silver, due to which the hustle and bustle among the bullion traders has intensified. According to official market data, today a sharp increase of Rs 4,329 per kg has been recorded in the price of silver. After this huge rise, the average price of silver in the All India Bullion Market has directly increased to a high of Rs 2,36,968 per kg. On Friday, the last trading day of last week, due to profit-booking and slight softening, silver prices had fallen by about Rs 3,433 and closed at Rs 2,32,639 per kg, but Monday’s trading left all that fall behind and took the prices to a new peak. If you are planning to buy silver coins, idols or fashionable jewelery for the upcoming festive season or auspicious occasions of marriage, then you will have to make your pocket budget much bigger now because the market trend is currently pointing towards a rise.
What was the latest condition of silver in big cities of the country including Delhi, UP and Bihar?
The impact of the huge rise in silver prices on Monday was clearly visible in the country’s capital Delhi. In the bullion market of Delhi today, the price of silver became costlier by Rs 4,329 and is trading directly above Rs 2,36,000 i.e. around Rs 2,36,968 per kg. Talking about the retail jewelery market, today the retail price of 10 grams of silver in Delhi is around Rs 2,369 and the price of 100 grams of silver is around Rs 23,000. The shine of silver remains quite bright in Uttar Pradesh’s capital Lucknow and its surrounding districts. Today, a huge increase of Rs 4,510 has been recorded in the price of silver in Lucknow, after which the price of silver here has reached the level of around Rs 2,39,000 per kg, which is slightly higher than other big cities of the country. Whereas last week in UP markets, silver fell by Rs 3,460 and closed at Rs 2.34 lakh. There has been a huge rise in the prices of silver in Patna, the capital of Bihar, and here today silver has become costlier by about Rs 4,189 and is trading at Rs 2.36 lakh per kg. Similarly, in Jaipur of Rajasthan and the country’s financial capital Mumbai, the price of silver has also increased by Rs 4,100 to Rs 4,300, where silver remains at the level of Rs 2.37 lakh per kg in Mumbai and Rs 2.36 lakh per kg in Jaipur.
Why is there such a sharp rise in the price of silver? Know the big economic reasons behind this
Precious metals experts and market analysts believe that many major global and domestic factors are responsible for this sudden and huge rise in silver prices. Both gold and silver are traditionally considered the safest investment options, but one of the biggest features of silver is that it is not only a precious metal but also a very important industrial metal. Silver is used extensively in the manufacturing of renewable energy, electric vehicles (EVs), electronics and solar panels around the world, due to which as industrial demand increases globally, silver prices also start rising rapidly. Apart from this, the strength of the US dollar in the international currency market and the continuous fluctuations in the US treasury yield are also having a direct impact on the bullion market. Due to the strong dollar, commodities become expensive for international investors, partial pressure of which is also visible on gold prices. Although geopolitical tensions between the US and Iran and the risks of global inflation still remain in place, the market’s focus is currently on important economic data coming from the US.
Investors’ eyes are on new inflation data and US policy decisions.
This week, the eyes of global financial markets and commodities traders are completely focused on important economic data released from America. In the coming days, America’s PPI and CPI i.e. consumer and producer price index based inflation figures are going to come. Central banks and investors around the world are eagerly waiting for these data, because this will decide what will be the next stance of the Federal Reserve regarding interest rates in the coming time. If inflation data comes out hotter than expected, it will have a direct impact on the movement of the dollar index and bullion market, due to which further changes may be seen in the prices of gold and silver. Domestic market investors are advised to check the official rates of their nearest bullion market before making any major purchase or investment as retail prices may vary slightly from city to city due to local taxes, GST and making charges on jewellery.