Silver prices in Bengaluru followed the broader national trend on February 10, with rates easing sharply compared with the previous session.
As per the latest available data, the price of silver in Bengaluru 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 decline reflects the sharp correction seen across domestic bullion markets.
Silver prices across India dropped by Rs 10 per gram and Rs 10,000 per kilogram today, tracking heightened volatility in global bullion markets. The fall comes after sharp swings 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—Bengaluru continues to trade at relatively lower levels. City-wise variations in silver prices are typically driven by local taxes, transportation costs and regional demand-supply dynamics.
Domestic silver prices are largely influenced by movements in international markets, currency fluctuations and import-related costs. Any sharp movement in global silver prices tends to be quickly reflected in local city rates, especially for bulk quantities such as 1 kilogram bars.
With silver witnessing increased volatility in recent sessions, buyers and traders in Bengaluru are closely tracking global cues for further direction.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity markets are subject to market risks. Always conduct your own research or consult a financial advisor before making any investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.