1 week ago
Indian Silver Prices Rise Further on 21 August 2026
Silver became more expensive in India on 21 August 2026.
One gram cost ₹246, and one kilogram cost ₹246,040.
This was a 0.85% increase from the reported previous close.
Prices were similar in several cities, including Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad, Pune, Kolkata, and Surat.
A weaker US dollar can make silver less expensive for buyers using other currencies.
The US Treasury’s bond-buyback decision and expectations that the Federal Reserve may keep interest rates unchanged also helped silver.
Investors were buying precious metals as currencies and bonds became more volatile.
Analysts said silver could keep rising, but it may fall if it drops below important support levels.
Indian silver rose 0.85% on 21 August, reaching ₹246 per gram, ₹2,460 per 10 grams, and ₹246,040 per kilogram.
The reported daily increase was ₹2.08 per gram, ₹20.80 per 10 grams, and ₹2,080 per kilogram.
Mumbai and Pune recorded ₹246 per gram and ₹246,040 per kilogram, while Delhi was ₹246 per gram and ₹245,620 per kilogram.
A softer US dollar, the US Treasury’s bond-buyback decision, and lower expectations of a Federal Reserve rate hike supported silver demand.
The 21 August article’s previous-close figures differ from the 20 August article’s reported prices, while analysts forecast a positive near-term bias with technical resistance near ₹250,000–₹251,000 per kilogram.
- Who
- Silver traders, retail investors, the United States Department of the Treasury, the Federal Reserve System, and analysts including Ponmudi R are involved in the reported developments.
- What
- Silver prices in India rose 0.85% to ₹246 per gram and ₹246,040 per kilogram on 21 August 2026.
- Where
- India, including Mumbai, Bengaluru, Hyderabad, Delhi, Ahmedabad, Chennai, Kolkata, Pune, and Surat.
- When
- 21 August 2026, with comparison to prices reported for 20 August 2026.
- Why
- A softer US dollar, the US Treasury’s bond-buyback decision, changing yields, and lower expectations of a Federal Reserve rate hike supported silver prices.
Factors Supporting Silver
Factors Limiting Silver
Currency and monetary policy
Factors Supporting Silver
The softer US dollar, the US Treasury’s bond-buyback decision, changing yields, and reduced expectations of a September Federal Reserve rate hike supported silver demand.
Factors Limiting Silver
Future changes in central-bank policy, inflation data, and yields could weaken the factors currently supporting silver.
Market momentum
Factors Supporting Silver
Analysts described silver as having bullish momentum, with a positive near-term bias and a possible move toward ₹250,000–₹251,000 per kilogram if it holds above ₹245,000.
Factors Limiting Silver
Analysts identified downside risks if silver falls below ₹240,000 per kilogram, which could lead to a pullback toward ₹236,000; they also said prices may remain range-bound.
Investment demand
Factors Supporting Silver
Heightened volatility in currencies and bonds encouraged investors to turn toward precious metals and safe-haven assets.
Factors Limiting Silver
Retail investors were advised to consider international trends as well as domestic rates before making buying decisions.
Key facts
- 21 August national rate
- ₹246 per gram; ₹2,460 per 10 grams; ₹246,040 per kilogram
- Reported daily change
- Up 0.85%, or ₹2.08 per gram, ₹20.80 per 10 grams, and ₹2,080 per kilogram
- Mumbai rate
- ₹246 per gram, ₹2,460 per 10 grams, and ₹246,040 per kilogram
- Delhi rate
- ₹246 per gram, ₹2,456 per 10 grams, and ₹245,620 per kilogram
- Highest listed kilogram rate
- Chennai: ₹246,760 per kilogram
- Technical outlook
- Resistance was identified near ₹245,000–₹246,000 and then ₹250,000–₹251,000; support was identified near ₹241,000–₹240,000 and then ₹236,000–₹235,000.
- Reported discrepancy
- The 21 August article lists a previous close of ₹244 per gram and ₹243,960 per kilogram, while the 20 August article reported ₹240 per gram and ₹239,520 per kilogram for that date.
Quotes
Ponmudi R
CEO of Enrich Money
“MCX Silver opened with a gap up near Rs 245,000, up 0.64%, holding firm near multi-week highs after a sharp rally from the Rs 230,000 zone.”
financialexpress.com
Sources
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