Silver Prices Dip Slightly on April 13: Check Latest Rates in Delhi, UP, Bihar and Other Cities
Silver prices in India saw a mild decline at the start of the week, offering slight relief to buyers. On Monday, April 13, the price of silver dropped by around ₹100 per kilogram across several major cities, reflecting ongoing volatility in the bullion market.
According to market updates, silver is currently trading at ₹2,59,900 per kg in most parts of North and West India, including Delhi, Mumbai, Uttar Pradesh, Bihar, and Rajasthan. Meanwhile, prices remain slightly higher in southern cities like Chennai and Hyderabad.
Latest Silver Rates in Major Cities
Here’s a look at the latest silver prices across key Indian cities:
- Delhi: ₹2,59,900 per kg
- Mumbai: ₹2,59,900 per kg
- Ahmedabad: ₹2,59,900 per kg
- Kolkata: ₹2,59,900 per kg
- Jaipur: ₹2,59,900 per kg
- Bhopal: ₹2,59,900 per kg
- Lucknow: ₹2,59,900 per kg
- Chandigarh: ₹2,59,900 per kg
In comparison, southern markets are witnessing slightly elevated rates:
- Chennai: ₹2,64,900 per kg
- Hyderabad: ₹2,64,900 per kg
This price difference is typically influenced by local demand, transportation costs, and regional taxes.
Weekly Trend: Prices Still Up Overall
Despite today’s minor dip, silver has shown strong upward movement in recent days:
- Prices increased by nearly ₹10,000 per kg over the past week
- Today’s decline indicates short-term correction after recent gains
This fluctuation highlights the dynamic nature of precious metal markets.
What’s Causing the Price Drop?
Several global and domestic factors are influencing silver prices:
- Stronger US Dollar: Makes commodities like silver more expensive for global buyers, reducing demand
- Rising Bond Yields: Investors shift to safer, interest-bearing assets
- Geopolitical Tensions: Ongoing instability in West Asia has pushed crude oil prices above $100 per barrel
- Inflation Concerns: Rising oil prices increase inflation risks, impacting metal demand
These combined factors have led to fluctuations in both gold and silver prices.
Global Market Influence
The impact of international markets is clearly visible:
- Silver futures in global markets fell by 2.63% to $74.47 per ounce
- Earlier this year, silver prices in India had surged sharply, even crossing ₹4 lakh per kg in January
Such swings indicate how closely domestic prices are linked to global economic trends.
What Should Buyers and Investors Do?
Market experts suggest a cautious approach:
- Avoid making decisions based on short-term fluctuations
- Track global economic indicators before investing
- Consider staggered buying to manage price volatility
Silver continues to be an important asset for diversification, especially during uncertain economic conditions.
Final Takeaway
While silver prices have dipped slightly today, the overall trend remains volatile due to global economic pressures. For buyers, this could be a good opportunity to enter the market cautiously, while investors should keep a close eye on international cues before making decisions.
Staying informed about daily price movements can help you make smarter investment choices in the ever-changing bullion market.
