Silver Price Today: Prices Drop on Thursday, Check 20 November Rates Across Major Cities
Silver prices witnessed a noticeable drop in the early trade on Thursday, 20 November. While morning transactions recorded a decline of nearly ₹4,000 per kilogram, today’s rates are still around ₹3,000 higher compared to the previous day’s closing levels. In the national capital, silver is currently trading at ₹1,65,000 per kilogram, whereas Chennai continues to record a higher price of ₹1,73,000 per kilogram.
Silver Sees a Sharp Decline for the Third Consecutive Day
After remaining at elevated levels for several weeks, silver prices have now softened across multiple cities. Markets in Delhi, Mumbai, Chennai, Hyderabad, and several parts of northern India have reported a consistent downward trend. This marks the third straight day of decline, with silver dropping nearly ₹5,000 in a single session.
Just a few weeks ago, Chennai saw silver touch almost ₹2,06,000 per kilogram, while prices in the capital approached ₹1,98,000 per kilogram. With today’s correction, silver has moved significantly below those peak levels.
Latest Silver Prices in Major Cities (20 November 2025)
Below are today’s updated silver rates across major Indian cities:
| City | Price per kg (₹) |
|---|---|
| Delhi | 1,65,000 |
| Mumbai | 1,65,000 |
| Ahmedabad | 1,65,000 |
| Chennai | 1,73,000 |
| Kolkata | 1,65,000 |
| Gurugram | 1,65,000 |
| Lucknow | 1,65,000 |
| Bengaluru | 1,65,000 |
| Jaipur | 1,65,000 |
| Patna | 1,65,000 |
| Bhubaneswar | 1,65,000 |
| Hyderabad | 1,73,000 |
The gap between northern and southern markets remains significant, with Chennai and Hyderabad quoting up to ₹8,000 more per kilogram than most northern cities.
Why Is Silver Demand Rising?
Silver consumption has been climbing steadily in recent years. Traditionally used for jewellery, utensils, and religious items, silver has now become an essential industrial metal due to its high conductivity and versatility. Demand has surged across sectors such as:
-
Smartphones and electronic devices
-
Computer chips and circuit boards
-
Solar panels and renewable energy systems
-
Automotive electronics
With expanding use cases in manufacturing and clean-energy technologies, industrial demand for silver has pushed prices higher over time. Although the metal has seen a short-term decline this week, analysts attribute the overall upward trend to strong industrial requirements and global market movements.
Silver continues to remain a closely watched commodity for investors, traders, and industrial users alike. While today’s dip brings temporary relief for buyers, long-term demand trends suggest that the metal may continue to hold strong in the broader market.
