Silver prices in India continued to drop for the second consecutive day on Friday, losing Rs 4,000 per kilogram to settle at Rs 1,85,000/kg, down from Rs 1,89,000/kg on Thursday. The price per gram also fell by Rs 4 to Rs 185/g.
The correction follows a strong rally earlier this week, during which silver had surged from Rs 1.60 lakh/kg on October 8 to a peak of Rs 1.90 lakh/kg on October 15, marking a gain of Rs 30,000 in just a week.
City-wise silver prices (per kg)
- Chennai / Hyderabad / Kerala: Rs 2,03,000
- Bengaluru: Rs 1,93,900
- Kolkata: Rs 1,88,900
- Delhi / Mumbai / Pune / Ahmedabad: Rs 1,85,000
Despite the pullback, experts believe the broader trend for silver remains volatile, with potential for short-term recovery driven by festive demand and industrial usage.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity markets are subject to volatility and global market risks. Always verify rates locally before making purchase or investment decisions.