Silver Rates In India Missed Crash Party! 999 Purity Silver Flat Today, July 13; Check Latest Silver Prices

Silver rates in India missed the crash party of the bullion market on Monday. This means, broadly 1Kg, 100 grams, 10 grams and 8 grams silver prices are unchanged on July 13, despite MCX silver and spot silver crashing by 3-4% after new US-Iran tensions. The 999-purity silver rate stood at Rs 2.35 lakh.

1 Kg silver price stood at Rs 2.35 lakh on Monday, while 100 grams and 10 grams silver rates are at Rs 23,500 and Rs 2,350 respectively. The price of 8 grams silver stood at Rs 1,880 and the rate of 1 gram silver is at Rs 235.

This is despite global sharp selloffs across silver.

MCX Silver Price + Spot Silver Price

MCX silver ended July 13th trading session at Rs 2,19,885 per 1 kg, registering a decline of Rs 2,779 or 1.3%. Silver is near its day’s low of Rs 2,17,277 per 1Kg.

Meanwhile, spot silver recovered some losses but continued to trade around $58 per ounce with nearly 2.5% decline.

The US carried out its fourth strike in a week against Iran on Sunday in retaliation for an Iranian attack on a Cyprus-flagged container ship. Tehran declared that the Strait of Hormuz would be closed “until further notice,” though the claim was dismissed by the US Central Command. Investors are also awaiting key US inflation data due this week for further clues on the Federal Reserve’s policy outlook. Markets currently expect the Fed to deliver one more interest-rate hike before the end of the year. Meanwhile, Fed Chair Kevin Warsh is scheduled to make his first appearance before the US Congress on Tuesday, as per Trading Economics.

What Is Impacting Silver Rates Today?

“Silver prices remained under pressure, with MCX silver declining around 2% and COMEX silver falling nearly 3%, weighed down by a firm US dollar and elevated Treasury yields. The US Dollar Index held above 101, while the 10-year Treasury yield remained above 4.58%, reducing the appeal of non-yielding assets such as precious metals,” said Pinky Yadav, Commodity Fundamental Analyst at Choice Broking.

However, the analyst pointed out that persistent US-Iran geopolitical tensions continued to offer some safe-haven support. Markets are closely watching speeches from Federal Reserve officials Michelle Bowman and Christopher Waller for policy signals. Despite weaker prices, investment demand remained robust, with silver ETFs recording a record Rs 4,286 crore inflow in June. Registered COMEX inventory at 93.50 MOz has recovered to the highest since October 2025 but remains 53.4 per cent down from the record September 2025 peak of 201 MOz.

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