Silver prices fell by ₹16,352 to ₹2.74 lakh per kilogram in futures trading on Friday, influenced by a significant decline in global markets amid rising US inflation concerns and renewed expectations of interest rate hikes by the Federal Reserve.
On the Multi Commodity Exchange, silver for July delivery dropped by ₹16,352, or 5.62%, to ₹2,74,750 per kilogram, with a trading volume of 7,908 lots. Analysts attributed the decrease to a stronger dollar, rising US Treasury bond yields, and a general downturn in the precious metals sector.
In the international market, Comex silver futures for the July contract decreased by ₹6.42, or 7.52%, to ₹78.90 per ounce in New York. Renisha Chainani, Head of Research at Augmont, noted, “Silver slipped below ₹82 per ounce in overseas trading, continuing declines for a second consecutive session amid deepening weakness across the metals segment, fueled by growing US inflation concerns and speculation regarding rate hikes.”
Market participants exhibited caution due to heightened geopolitical tensions in West Asia and uncertainties surrounding US-Iran negotiations. Analysts observed that elevated crude oil prices and persistent inflation fears have diminished expectations for near-term rate cuts from the Federal Reserve, thereby exerting additional pressure on precious metals.
Following a recent summit, US President Donald Trump remarked on his discussions with Chinese President Xi Jinping in Beijing, calling the talks “incredible.” He stated, “We did discuss Iran. We feel very similar about how we want it to end. We don’t want them to have a nuclear weapon. We want the Strait open.”
Published on May 15, 2026.
