Silver Price Today: Silver becomes cheaper on Govardhan Puja; check the latest rates in 10 major cities..

Silver Price Today: Silver prices have seen a decline. On the morning of November 10, the price of silver stands at ₹204,900 per kilogram. In January of this year, the price of silver in the country reached a record high of ₹4 lakh per kilogram. In the Delhi bullion market, the price of silver—inclusive of all taxes—is ₹192,500 per kilogram. Meanwhile, according to GoodReturns, the price of silver is ₹205,000 per kilogram.

On the Multi Commodity Exchange (MCX), the futures price of silver has fallen by 0.06%—a decrease of ₹112—to ₹187,015 per kilogram. In the previous trading session, silver had closed at ₹187,127 per kilogram. According to bullion market data, the price of silver is ₹188,110 per kilogram, while in the international market, it stands at $53.09 per ounce.

Silver Prices on November 10

City    Price of one kilogram of silver (₹)
Delhi    204,900
Mumbai    204,900
Ahmedabad    204,900
Chennai    204,900
Kolkata    204,900
Hyderabad    204,900
Jaipur    204,900
Bhopal    204,900
Lucknow    204,900
Thiruvananthapuram    204,900

Points to Consider

Prices for gold and silver may vary across different markets and sources. The price displayed on the MCX reflects trading rates, whereas retail prices at jewelry stores may differ. When purchasing jewelry, one must also account for making charges and GST. Therefore, it is advisable to check the current rates with a local jeweler in your city before making a purchase. When purchasing gold jewelry, be sure to check for the hallmark and the HUID number. These provide information regarding the purity of the gold.

Gold and silver futures performance

Amid a firm trend in global markets, the price of silver in futures trading rose by ₹3,803 on Monday, reaching ₹1,88,903 per kilogram. On the Multi Commodity Exchange (MCX), the contract for silver delivery in December climbed by ₹3,803 to ₹1,88,903 per kilogram. In international markets, the futures price for silver increased by 2.49 percent to $53.20 per ounce. Analysts noted that the rise in silver prices was driven by fresh positions taken by market participants.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.