Silver Prices Down by 0.58% on September 17, Following US Fed Interest Rate Hike

Silver prices in India have dropped by 0.58% on September 17, 2026, following a decline in gold rates. The US Federal Reserve's decision to hike key interest rates by 25 basis points has made interest-yielding assets more attractive to investors, reducing demand for non-interest-bearing bullion like silver.

The current price of one gram of silver is ₹233, while 10 grams cost ₹2,333 and one kilogram costs ₹233,340. Analysts suggest that silver prices may remain range-bound in the near term as markets monitor developments in the West Asia conflict.

Retail investors are advised to track both domestic rates and international trends before making buying decisions.