Silver Rate Today, July 11: Silver prices see movement again; check the rates for 10 grams and 1 kilogram for July 11..
Silver Price Today: Uncertainty persists in global markets due to ongoing tensions between the US and Iran, impacting silver prices as well. Fluctuations were observed in both precious metals during trading on the Multi Commodity Exchange (MCX). However, retail gold prices in the domestic bullion market remain high. Silver prices have continued to experience volatility following the end of the ceasefire.
Amid shifting trends in domestic and global markets, the retail price of silver in India today (July 11) stands at ₹240.10 per gram and ₹2,40,100 per kilogram. Investors and jewelry buyers are currently keeping a close watch on silver prices.
How did silver perform on the MCX?
Silver futures for September 4 delivery opened at ₹2,30,015 per kilogram on the Multi Commodity Exchange (MCX). During trading, the price dipped, reaching an intraday low of ₹2,28,925 per kilogram. Later, silver was trading at ₹2,29,401 per kilogram, down by ₹1,456 (0.63%) from the previous close.
Today's Silver Rates
Silver (per gram): ₹240.10
Silver (10 grams): ₹2,401
Silver (100 grams): ₹24,010
Silver (1 kilogram): ₹2,40,100
Why are silver prices fluctuating?
The latest silver prices in Bagalkot are as follows:
₹2,400 for 10 grams, ₹24,000 for 100 grams, and ₹2,40,000 for 1 kilogram. Looking at the trends for July, silver prices have witnessed significant volatility. The highest price recorded for 100 grams was ₹25,000, while the lowest touched ₹0. For 1 kilogram, silver prices ranged between ₹2,50,000 and ₹0.
**Sell-off in Silver**
Silver futures for September 4 delivery opened at ₹2,30,015 per kilogram, compared to the previous session's closing price of ₹2,30,857. During trading, the price dipped to ₹2,28,925 per kilogram. It was later seen trading at ₹2,29,401 per kilogram, down by ₹1,456 (0.63%) from the previous close.
Silver prices depend on international market rates, dollar movements, industrial demand, global economic conditions, and investor buying and selling activity. Rising demand in sectors such as electronics, solar panels, and other industries also influences silver prices. Retail prices may vary slightly depending on the city, the jeweler, and applicable taxes. It is advisable to verify the latest rates with the local bullion market before making a purchase.
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