Silver prices in Delhi remained under pressure on Wednesday, May 20, tracking weakness in international precious metal markets amid rising geopolitical tensions and concerns over elevated inflation.
According to the latest market data, silver in Delhi was priced at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.
Globally, silver traded below $75 an ounce after witnessing a sharp decline in the previous trading session. Precious metals faced selling pressure as investors reacted to higher crude oil prices, stronger bond yields and expectations that interest rates could remain elevated for longer.
Market sentiment also remained cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if Tehran failed to accept proposed peace conditions.
The continuing tensions in West Asia and disruptions linked to the Strait of Hormuz have supported crude oil prices, increasing concerns around global inflation and economic uncertainty.
Earlier this month, silver prices had rallied on optimism linked to AI driven industrial demand and stronger expectations for data centre related metal consumption. However, the recent geopolitical developments have triggered profit booking across commodity markets.
Silver rate today in Delhi
| 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 higher crude oil prices, inflation concerns and rising US Treasury yields.
Analysts said persistent geopolitical tensions and expectations of higher interest rates globally have increased volatility in commodity markets, leading to pressure on precious metals including silver.
Investors are also tracking developments related to the US Federal Reserve, crude oil prices and global economic conditions 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.