Silver Micro Price in India Falls 3.4% to USD 2,298,830/tonne
Silver Micro prices in India declined over the week, month and quarter, though the commodity remains up 40.8% year on year.
Silver Micro prices in India stood at USD 2,298,830/tonne as of 2026-10-01, a fall of 3.4% from USD 2,378,788/tonne on 2026-09-24. The month-on-month decline was 5.6%, from USD 2,433,965/tonne on 2026-09-01, and the price is down 6.3% over the quarter, from USD 2,454,123/tonne on 2026-07-03. Year on year, the price is up 40.8%, from USD 1,632,988/tonne on 2025-10-01. The 52-week high was USD 4,133,952/tonne on 2026-01-29 and the 52-week low was USD 1,607,794/tonne on 2025-10-28.
The recent softness follows policy measures taken earlier in 2026. India raised import duties on silver from 6% to 15% on May 12, 2026, and subsequently restricted imports to curb arbitrage, according to sourced reports. On May 16, 2026, the Directorate General of Foreign Trade mandated prior import authorisation for silver products, disrupting supply chains.
Conditions have since eased somewhat. Traders began securing new import licences in August 2026, allowing a partial rebound in silver shipments into the country. On September 29, 2026, government sources confirmed that the current silver import restrictions are intended to be a temporary measure.