Silver prices on the Multi Commodity Exchange of India (MCX) registered a substantial decline today, with August futures falling by over Rs 4,400.

The white metal reached an intraday low of Rs 2,29,711 per kilogram, marking a notable intraday correction.

Key Price Movements

  • Silver August futures were trading 1.5% or Rs 3,514 lower at Rs 2,30,493 per Kg as of 12:15 p.m. on August 19, 2026.
  • Silver 999 fine was quoted at Rs 2,32,280 per kg in the morning session.
  • Silver 925 sterling was quoted at Rs 2,15,784 per kg at the India level.

Despite this recent downturn, the broader market context for silver remains robust, highlighting a significant appreciation over the past year.

Annual Performance Context

Over the last year, silver prices have demonstrated exceptional growth, rallying by 104.78% from August 19, 2025.

  • On August 19, 2025, silver was priced at Rs 1,13,920 per kg.
  • This long-term performance contrasts sharply with today’s immediate price correction.

Today’s fall of over Rs 4,400 positions as a short-term volatility event against a backdrop of a strong annual rally, indicating ongoing market dynamics for the commodity.