Silver rate today falls on economic uncertainty
The white metal on the MCX (Multi Commodity Exchange) falls again on May 31, Friday.
As per the latest quotes, the silver rate for delivery in July stood at ₹93,200 per kilogram, marking a fall of ₹923 or 0.98% from the previous close of ₹94,123 per kg.
Silver rate in retail market today
For those looking to buy silver for investment or industrial purposes, the retail rate inclusive of the 3% Goods and Services Tax (GST) would be around ₹95,996 per kg.
Note: It’s important to note that silver prices may vary across different cities depending on local demand-supply dynamics and premiums charged by traders.
The rise in the silver rate today can be attributed to concerns over slowing economic growth and persistent inflationary pressures, which have boosted the safe-haven appeal of precious metals.
