As of Tuesday, June 9, 2026, silver was trading globally at approximately ($68.23) per troy ounce. In the Indian bullion market, retail prices hovered around ₹259,900 per kilogram (₹260 per gram), though they varied slightly across cities due to local taxes and jeweller margins.
A detailed breakdown of the silver market on that date highlights the following:
- Global Markets
- Spot Price: Silver ranged between ($68.10) and ($68.38) per ounce on international exchanges like Trading Economics.
- Market Sentiment: Prices softened slightly (down about ($0.30) to ($1.00) per ounce) as markets reacted to a mutual halt in direct Israel-Iran strikes, which reduced safe-haven demand.
- Retail Prices in India
Prices remained largely flat compared to the previous week. Localized rates across major Indian cities on June 9 included:
- Mumbai, Delhi, and Kolkata: ₹25,990 per 100g (₹259,900 per kg)
- Chennai, Hyderabad, and Kerala: ₹26,990 per 100g (₹269,900 per kg)
Futures & Contracts.
- MCX Silver: On the Multi Commodity Exchange, July silver contracts traded sharply lower during the session, reflecting a drop to the ₹244,252 to ₹244,900 per kg mark.
- COMEX (July Contract): July delivery futures opened around ($68.23) per ounce.
If you are looking to invest or track broader trends, I can:
- Compare historical prices over the last few months.
- Explain how factors like US inflation, the Gold-Silver ratio, and industrial solar/EV demand are projected to affect future prices.
- Provide details on the best methods and platforms for buying physical silver vs. ETFs.
