The silver market in India saw a minor dip in prices today, offering a small window of opportunity for buyers and investors. The silver price today on 23rd April 2025 is ₹100.90 per gram and ₹1,00,900 per kilogram, down slightly from yesterday’s rates.
This change, although modest, reflects the ongoing volatility in global silver markets and the impact of currency fluctuations, particularly the rupee-dollar exchange rate.
What’s Affecting Silver Prices in India Today?
Silver prices in India are directly linked to international market trends. Besides global silver rates, the value of the Indian rupee against the US dollar also plays a key role.
If the rupee weakens while international prices remain stable, silver becomes costlier in India. Conversely, if the rupee gains strength or global prices drop slightly, silver becomes cheaper.
Today, with the rupee strengthening marginally, the domestic silver price has seen a small decline.
Silver Price Today on 22nd April 2025: Slight Rise Observed in Indian Markets Amid Currency Volatility
Silver Price Today on 23rd April 2025
Let’s take a closer look at how silver rates have shifted from yesterday:
| Quantity | Silver Price Today (INR) | Silver Price Yesterday (INR) | Change |
|---|---|---|---|
| 1 gram | ₹100.90 | ₹101 | – ₹0.10 |
| 8 grams | ₹807.20 | ₹808 | – ₹0.80 |
| 10 grams | ₹1,009 | ₹1,010 | – ₹1 |
| 100 grams | ₹10,090 | ₹10,100 | – ₹10 |
| 1 kg | ₹1,00,900 | ₹1,01,000 | – ₹100 |
Even a slight dip like this can be beneficial for buyers looking to purchase silver in larger quantities.
Silver Price Today on 23rd April 2025 in Major Indian Cities
Silver rates vary across cities due to transportation, local demand, and taxes. Southern cities such as Chennai, Hyderabad, and Coimbatore continue to quote slightly higher prices, while cities like Delhi, Mumbai, and Kolkata remain more aligned with the national average.
Here’s the city-wise silver rate comparison:
| City | 10 Gram Price | 100 Gram Price | 1 Kg Price |
|---|---|---|---|
| Chennai | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Mumbai | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Delhi | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Kolkata | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Bangalore | ₹1,012 | ₹10,120 | ₹1,01,200 |
| Hyderabad | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Kerala | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Pune | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Vadodara | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Ahmedabad | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Jaipur | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Lucknow | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Coimbatore | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Madurai | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Vijayawada | ₹1,109 | ₹11,090 | ₹1,10,900 |
| Patna | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Nagpur | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Chandigarh | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Surat | ₹1,009 | ₹10,090 | ₹1,00,900 |
| Bhubaneswar | ₹1,109 | ₹11,090 | ₹1,10,900 |
Bangalore stands out slightly with a 1 kg rate of ₹1,01,200, showing a minor deviation due to local market dynamics.
Should You Buy Silver Today?
For retail buyers, jewellers, or investors planning to buy in bulk, the silver price today on 23rd April 2025 offers a small opportunity. Even though the dip is minor, every rupee matters when buying large quantities of silver.
With the wedding season approaching and silver being a traditional favorite for gifting and investing, this could be a good time to make a purchase.
Market Outlook
There are currently no major global events affecting silver prices, so the short-term outlook suggests a period of stability or mild fluctuation. However, as always, the silver market remains sensitive to movements in the US dollar, oil prices, and other macroeconomic indicators.
The silver price today on 23rd April 2025 reflects a calm day in the market. Buyers can consider making their moves before any unexpected global cues push prices upward again.
