Silver prices in Ahmedabad traded lower on Wednesday, May 20, amid continued volatility in global precious metal markets, elevated crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.
According to the latest market data, silver in Ahmedabad was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.
International silver prices remained under pressure after plunging more than 5% in the previous trading session. Silver traded below $75 an ounce as investors reacted to rising inflation concerns, higher oil prices and elevated US Treasury yields.
Market sentiment also stayed cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if peace negotiations fail to progress.
The ongoing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to inflationary pressure across global markets.
Silver had earlier rallied on optimism linked to AI related industrial demand and stronger consumption from data centre infrastructure related sectors. However, recent geopolitical developments have triggered profit booking across commodity markets.
Silver rate today in Ahmedabad
| Quantity | Today Price |
|---|---|
| 10 gram | Rs 2,800 |
| 100 gram | Rs 28,000 |
| 1 kilogram | Rs 2,80,000 |
Silver price movement today
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | Rs 280 | Rs 285 | – Rs 5 |
| 10 gram | Rs 2,800 | Rs 2,850 | – Rs 50 |
| 100 gram | Rs 28,000 | Rs 28,500 | – Rs 500 |
| 1 kilogram | Rs 2,80,000 | Rs 2,85,000 | – Rs 5,000 |
Why silver prices are falling today
Silver prices are reacting to movements in crude oil prices, inflation expectations and global bond yields.
Analysts said persistent geopolitical tensions and expectations of elevated interest rates globally have increased volatility across commodity markets, putting pressure on precious metals including silver.
Investors are also closely tracking developments related to the US Federal Reserve, crude oil prices and geopolitical updates for further direction in silver prices.
Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.