Silver Rises 1.14% Amid Weaker Dollar and Stable US Interest Rates

Silver prices rose by 1.14% to ₹219,967 on July 31, 2026, following a weaker U.S. dollar and the Federal Reserve's decision to keep interest rates unchanged.

The Fed maintained its benchmark rate, but three FOMC members dissented in favor of an immediate rate hike, with Chair Kevin Warsh emphasizing that the pause should not be interpreted as reduced commitment to tackling inflation.

A 67% probability of a 25-basis-point rate hike in September has increased from 56% a day earlier, while expectations for a larger 50-basis-point increase have largely faded.