Silver Price Today: Silver prices drop; check the latest rates in various cities, including Mumbai and Delhi..

Silver Price Today: Silver prices witnessed a decline for the third consecutive day. A sharp drop of ₹8,900 per kilogram was observed due to weak domestic demand in the Delhi bullion market and profit-booking at the global level. Retail silver prices in the Delhi and Mumbai bullion markets remain steady at ₹2,35,000 per kilogram. The market has been trading within the same range for the past three sessions. Check the latest rates in various cities.

City    Price of 10g Silver    Price of 100g Silver    Price of 1kg Silver
Delhi               ₹2350               ₹23500                     ₹235000
Mumbai            ₹2350               ₹23500                     ₹235000
Kolkata              ₹2350                 ₹23500                ₹235000
Chennai           ₹2400                ₹24000                 ₹240000
Patna              ₹2350                   ₹23500                 ₹235000
Ayodhya          ₹2350                 ₹23500                 ₹235000
Lucknow        ₹2350                ₹23,500                   ₹2,35,000
Kanpur         ₹2350               ₹23,500                 ₹2,35,000
Meerut          ₹2350               ₹23500                  ₹235000
Ghaziabad    ₹2350               ₹23500                ₹235000
Noida            ₹2350               ₹23500                ₹235000
Gurugram     ₹2350               ₹23500               ₹235000
Chandigarh   ₹2350                ₹23500                ₹235000
Jaipur            ₹2350                  ₹23500                ₹235000
Ludhiana       ₹2350                ₹23500                ₹235000
Guwahati       ₹2350             ₹23500                ₹235000
Indore          ₹2350             ₹23500                ₹235000

Rise in silver prices in international and futures markets.

The trend of gold and silver prices in global and futures markets appeared quite different from that in the bullion market. On COMEX, gold surged by 1.86 percent, crossing the $4,080 per ounce mark; it recorded a rise of $74 per ounce. Meanwhile, silver surged 2.39 percent to trade above $59 per ounce.

On Wednesday, the price of silver stood slightly below $59 per ounce. In fact, lower-than-expected inflation data from the US led traders to scale back expectations regarding interest rate hikes by the Federal Reserve.

Despite strength in the international market, prices in the domestic market remain under pressure due to sluggish demand from jewelers and industrial buyers. Market experts state that the future movement of gold and silver prices will largely depend on domestic demand, global economic indicators, and US Federal Reserve policies.

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