Silver Prices Fall Sharply on June 18; Check Latest Rates Across Major Indian Cities
Precious Metal Sees Heavy Selling Pressure Despite Recovery in International Markets
Silver prices witnessed a significant decline in the domestic market on Thursday, June 18, 2026, with rates falling by as much as ₹5,000 per kilogram in several major cities. The correction comes amid increased volatility in precious metals following global economic developments and changing investor sentiment.
Despite a modest recovery in international silver prices later in the day, domestic markets remained under pressure as traders reacted to developments related to U.S. interest rate expectations and broader financial market trends.
Silver Prices Drop Across Major Bullion MarketsIn leading bullion centers including Delhi, Mumbai, Kolkata, Ahmedabad, Jaipur, Lucknow, Bhopal, and Chandigarh, silver was quoted at approximately ₹2,60,000 per kilogram.
Meanwhile, silver prices remained relatively higher in southern markets such as Chennai and Kerala, where the metal was trading around ₹2,70,000 per kilogram.
The decline marks one of the sharper corrections seen in recent sessions, offering some relief to buyers who had been facing record-high prices over the past few weeks.
Latest Silver Rates on June 18, 2026 City Silver Price (Per Kg)| Delhi | ₹2,60,000 |
| Mumbai | ₹2,60,000 |
| Ahmedabad | ₹2,60,000 |
| Kolkata | ₹2,60,000 |
| Jaipur | ₹2,60,000 |
| Bhopal | ₹2,60,000 |
| Lucknow | ₹2,60,000 |
| Chandigarh | ₹2,60,000 |
| Chennai | ₹2,70,000 |
| Kerala | ₹2,70,000 |
Silver futures also experienced strong selling pressure on the Multi Commodity Exchange (MCX).
The July delivery silver contract opened nearly 1.5% lower at around ₹2,48,000 per kilogram. Selling intensified during the trading session, causing prices to fall by approximately ₹6,300 and touch an intraday low near ₹2,45,509 per kilogram.
The decline reflected profit-booking by traders and cautious sentiment among investors ahead of further global economic signals.
International Silver Prices RecoverAlthough domestic markets remained weak, international silver prices showed signs of recovery.
Spot silver gained roughly 1.8% and traded near $69.18 per ounce during overseas trading hours. Market participants cited easing geopolitical concerns and improving risk sentiment as factors supporting international prices.
Investors also monitored developments related to diplomatic discussions involving the United States and Iran, which helped reduce some uncertainty in global markets.
Federal Reserve Outlook Weighs on Precious MetalsAnalysts believe that recent comments from U.S. Federal Reserve policymakers have influenced sentiment across precious metal markets.
While the Federal Reserve left interest rates unchanged during its latest policy meeting, several officials indicated that additional rate hikes could still be possible if economic conditions remain strong.
Higher interest rates generally reduce the appeal of non-yielding assets such as gold and silver because investors can earn better returns through fixed-income instruments.
As a result, precious metals have faced intermittent selling pressure despite ongoing global uncertainty.
Key Levels Traders Are WatchingMarket experts expect silver prices to remain volatile in the near term.
According to commodity analysts, important technical levels currently include:
-
Support Zone: Around ₹2,42,000 per kilogram
-
Resistance Zone: Around ₹2,51,000 per kilogram
A sustained move above the resistance level could trigger fresh buying interest, while a break below support may lead to additional downside pressure.