Indian Silver Prices Stabilize Amid Geopolitical Tensions and Inflation Concerns

On 11 June 2026, the price of 1 gm of silver was ₹235, and the price of 1 kg of silver was ₹234,990, reflecting a loss of 0.76% compared to its previous close. Meanwhile, the 10 gm silver rate is at ₹2,350. Silver prices in India are largely influenced by international spot silver rates, US dollar fluctuations, and import duties on silver among other things. Silver stabilised on Thursday after the US military confirmed completion of its latest strikes on Iran, raising expectations that peace negotiations could resume. Earlier, fresh US attacks followed accusations that Tehran was delaying interim peace talks, while Iran reportedly targeted US vessels in the Strait of Hormuz. ALSO READ Silver Rate Today 10th June 2026: Silver is down by 0.81%; check prices in Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad Despite geopolitical tensions, gold remained close to seven-month lows as the near-total closure of Hormuz disrupted Persian Gulf energy flows, increasing inflation concerns. US inflation accelerated in May to its fastest rate in more than three years, largely due to higher energy prices, though the data matched forecasts. Markets slightly reduced expectations for additional Federal Reserve tightening, but a 25-basis-point rate hike in December remains fully priced. ALSO READ Gold Rate Today 11th June 2026: Gold is down by 0.22%; check prices in Mumbai, Chennai, Delhi, Bengaluru