Silver Price Volatility Continues in India Amid Rupee Fluctuations
Silver prices in India continued to be monitored on September 17, 2026, following strong monthly movements. The current rate for silver is ₹245 per gram, which translates to ₹2,45,000 per kg. This rate is unchanged from the previous day and reflects a notable correction from ₹2.55 lakh per kg on September 10.
The silver market has remained highly volatile due to interest rate policy, dollar and economic conditions around the world. Domestic silver prices are influenced by international bullion prices and the rupee's movement against the US dollar.
Industrial demand plays a crucial role for silver, as the precious metal finds use in various industrial applications. A weak rupee can work in the opposite direction for the price of silver in India.