Silver Price Today Stands at Rs 2,40,000 Per Kg as MCX Futures Slip 1.17% on 27 July 2026

Silver price today: Rs 2,40,000/kg domestic, Rs 240/gram. MCX Silver Mini (28 July expiry) last at Rs 2,24,650/kg, down 1.17%. International spot near $60.46/oz.

Updated: 27 Jul 2026 • 10:07 am

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Silver Price Today Stands at Rs 2,40,000 Per Kg as MCX Futures Slip 1.17% on 27 July 2026

silver price today is Rs 2,40,000 per kilogram in the domestic retail market, unchanged from the weekend level, while MCX Silver Mini futures last traded at Rs 2,24,650 per kg, down Rs 2,672.50, or 1.17 percent, tracking a pullback in overseas prices.

This gap between the domestic retail silver price today and the MCX futures price is normal and reflects GST, local levies and dealer premiums layered on top of the exchange-traded rate, which tracks international bullion prices more closely.

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Table of Contents

Silver Price Today: Domestic and MCX Rates

The silver price today in India works out to Rs 240 per gram and Rs 2,40,000 per kilogram in the retail market, a level that has held steady through the weekend after a volatile week for the white metal.

Market	Silver Rate	Change
Domestic Retail (per gram)	Rs 240	Unchanged
Domestic Retail (per kg)	Rs 2,40,000	Unchanged
MCX Silver Mini (28 Jul 2026 expiry)	Rs 2,24,650 per kg	Down 1.17%
International Spot Silver	Around $60.46 per ounce	Recovering after a sharp pullback

Internationally, spot silver was trading near $60.46 an ounce, having clawed back some ground after tumbling more than 3 percent in a single session earlier in the week, a swing that is central to understanding today’s silver price today level.

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The silver price today move is closely tied to the trajectory of crude oil prices and US interest rate expectations. Surging Brent crude, driven by escalating Middle East tensions, had pushed up inflation worries and reinforced bets on rates staying higher for longer, which weighed on non-yielding assets like silver through the week.

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Why Is the Silver Price Today Under Pressure From Oil and Rate Expectations

Rate expectations remain the dominant driver behind the silver price today trend. Markets are pricing in a meaningful probability of a US rate hike as soon as September, a shift that raises the opportunity cost of holding non-yielding metals such as silver and gold, and explains part of the recent volatility in bullion prices.

Fresh US tariffs on imports from major trading partners have added another layer of uncertainty to global markets this week, feeding into currency and commodity price swings that show up directly in the silver rate quoted at Indian bullion counters.

Silver Price Today vs Gold: A Quick Comparison

Alongside the silver price today, 24-carat gold was trading at around Rs 14,493 per gram and 22-carat gold at Rs 13,285 per gram in the domestic market, giving investors a reference point for comparing the two precious metals on the same day.

Silver has historically been more volatile than gold given its dual role as both a precious and an industrial metal, which is why its price can swing more sharply on the same set of macro triggers.

Conclusion

silver price today stands at Rs 2,40,000 per kilogram in the domestic market, while MCX Silver Mini futures last traded lower at Rs 2,24,650 per kg as the metal tracks a volatile week driven by crude oil prices, Middle East tensions and shifting US rate expectations. Investors should track the upcoming Federal Reserve meeting for further cues. Consulting a SEBI-registered advisor is recommended before making any commodity investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions FAQs

What is the silver price today in India?

Ans. The silver price today in India is Rs 240 per gram and Rs 2,40,000 per kilogram in the domestic retail market as of 27 July 2026.

What is the MCX silver price today?

Ans. MCX Silver Mini futures with a 28 July 2026 expiry last traded at Rs 2,24,650 per kg, down Rs 2,672.50, or 1.17 percent.

Why is the silver price today lower than earlier in the week?

Ans. The silver price today reflects a pullback after the metal tumbled more than 3 percent earlier in the week on surging crude oil prices and firming US rate hike expectations, even though it has recovered some ground since.

What is the international silver price today?

Ans. International spot silver was trading near $60.46 an ounce, recovering part of its recent sharp decline.

How does crude oil affect the silver price today?

Ans. Rising crude oil prices, driven by Middle East tensions, have stoked inflation concerns and reinforced expectations of higher for longer US interest rates, which weighs on non-yielding assets like silver.