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Silver Prices Tumble on US Rate Hike Fears
8 Jun
Summary
- Silver prices in India decreased by ₹5 per gram on June 8, 2026.
- Global silver prices are under pressure due to US rate hike expectations.
- A stronger dollar and robust US jobs data impact silver's value.
On June 8, 2026, silver prices in India saw a notable decrease, falling by ₹5 per gram. This decline mirrored a broader trend of global silver prices coming under pressure. The economic sentiment was influenced by increasing expectations of a US interest rate hike.
A stronger US dollar, which often correlates with lower commodity prices, also played a significant role. This currency movement was further amplified by stronger-than-expected US jobs data, suggesting economic resilience that could support further monetary tightening.
In India, local silver rates are closely tied to international spot prices and the USD-INR exchange rate, in addition to domestic taxes. Cities in southern India, such as Chennai and Hyderabad, typically reflect slightly higher prices due to demand and local levies. These prices can fluctuate throughout the trading day.
