Silver prices in Ahmedabad tracked the broader national decline on February 10, with rates easing sharply compared with the previous session.
As per the latest available data, the price of silver in Ahmedabad stood at Rs 2,900 per 10 grams. For larger quantities, silver was quoted at Rs 29,000 per 100 grams and Rs 2,90,000 per kilogram. The rates reflect the sharp correction seen across domestic bullion markets.
Silver prices across India fell by Rs 10 per gram and Rs 10,000 per kilogram today, mirroring heightened volatility in global bullion markets. The decline follows sharp price movements in international silver prices, where recent rallies were followed by profit booking.
Compared with cities such as Chennai, Hyderabad and Kerala—where silver is priced at Rs 3,000 per 10 grams—Ahmedabad continues to trade at relatively lower levels. City-wise differences in silver rates are typically influenced by local taxes, transportation costs and regional demand-supply dynamics.
Domestic silver prices are largely guided by movements in international markets, currency fluctuations and import-related costs. Any sharp change in global silver prices tends to be quickly reflected in local rates, especially for bulk quantities such as 1 kg bars.
With silver witnessing increased volatility in recent sessions, buyers and traders in Ahmedabad are closely tracking global cues for further direction.
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