Silver Rate Today: Silver prices rise again; check the price of 1 kg from Mumbai to Chennai for September 18..
Silver Rate Today: Silver prices rose on Friday, September 18. On the MCX, the price of one kilogram of silver stands at ₹2,39,579. According to GoodReturns, the price of 1 kg of silver today is ₹2,49,900 in cities like Chennai and Hyderabad, while it is ₹2,50,000 in Delhi, Mumbai, Kolkata, Jaipur, and Pune. On Bullions.co.in, the price of silver is ₹2,38,070 per kilogram.
It is worth noting that silver prices tend to track gold prices; whenever the price of gold rises, the price of silver also increases. Consequently, silver has emerged as a safe investment tool for investors.
What are the prices in the international market?
Prices for both gold and silver have fallen in the international market (Comex). Silver prices on Comex dropped by 0.30%, trading at $66.295 per ounce.
Silver rates today in major cities, including Delhi and Mumbai
According to GoodReturns, silver prices in major cities across the country are hovering around ₹2,50,000 per kilogram. Minor variations may be observed in some cities due to local market conditions and taxes.
City Price of 1 kg of Silver
Delhi ₹2,50,000
Mumbai ₹2,50,000
Kolkata ₹2,50,000
Chennai ₹2,49,900
Lucknow ₹2,50,000
Patna ₹2,50,000
Jaipur ₹2,50,000
Ahmedabad ₹2,50,000
Pune ₹2,50,000
Bengaluru ₹2,50,000
Hyderabad ₹2,50,000
Bhopal ₹2,50,000
Chandigarh ₹2,50,000
Noida ₹2,50,000
Gurugram ₹2,50,000
Silver futures price on the last trading day
On Thursday, the price of silver in futures trading fell by ₹476 to settle at ₹2,34,310 per kg, as traders reduced their positions amidst weak spot demand. On the Multi Commodity Exchange, the contract for December delivery dropped by ₹476 (0.20 percent) to ₹2,34,310 per kilogram. Globally, the price of silver in New York declined by 0.08 percent to $64.87 per ounce. Market experts stated that the drop in silver futures prices was primarily driven by selling by traders.
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