Silver prices in India declined on Tuesday, November 4, with the metal trading at ₹151 per gram, down ₹3 from the previous session. On a per-kilogram basis, silver was priced at ₹1,51,000, marking a sharp dip of ₹3,000 compared to yesterday’s level of ₹1,54,000.
The decline comes amid volatility in global precious metal markets. Prices of silver in India are largely influenced by international trends, making them sensitive to shifts in global demand, currency movement, and broader commodity market cues.
In the domestic market, major metro cities reflected similar pricing trends. Mumbai, Delhi, Kolkata, Pune, Bengaluru, Ahmedabad, and Vadodara saw silver priced at ₹1,510 per 10 grams, translating to ₹1,51,000 per kilogram. Meanwhile, Chennai, Hyderabad, and Kerala recorded higher rates at ₹1,650 per 10 grams, or ₹1,65,000 per kilogram, showing a regional premium.
Compared to yesterday, silver prices saw reductions across all weight categories, including:
- 1 gram: ₹151 vs ₹154
- 10 grams: ₹1,510 vs ₹1,540
- 1 kg: ₹1,51,000 vs ₹1,54,000
Silver prices continue to move in line with global market conditions, and fluctuations remain likely as international sentiment shifts around precious metals.
