Silver prices in Kolkata mirrored 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 Kolkata stood at Rs 2,900 per 10 grams. For higher 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 in domestic silver prices across major Indian cities.
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 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—Kolkata continues to trade at relatively lower levels. Variations in city-wise silver prices are generally influenced by local taxes, transportation costs and regional demand-supply dynamics, despite a common national benchmark.
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 Kolkata are closely tracking global cues for further direction.
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