Silver prices in Hyderabad remained under pressure on Wednesday, May 20, amid weakness in global precious metal markets, rising crude oil prices and geopolitical tensions linked to the ongoing US Iran conflict.
According to the latest market data, silver in Hyderabad 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 rising inflation concerns, higher oil prices and elevated US Treasury yields.
Market sentiment also remained cautious after US President Donald Trump warned that the United States could resume strikes on Iran within days if negotiations fail to progress.
The continuing tensions around the Strait of Hormuz have increased concerns over energy supply disruptions, supporting crude oil prices and adding to global inflationary pressure.
Silver had earlier rallied on optimism surrounding AI related industrial demand and stronger metal consumption linked to data centre infrastructure growth. However, the recent geopolitical developments have triggered profit booking across commodity markets.
Silver rate today in Hyderabad
| 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 currently reacting to higher crude oil prices, inflation concerns and movements in global bond yields.
Analysts said persistent geopolitical tensions and expectations of elevated interest rates have increased volatility in commodity markets, putting pressure on precious metals including silver.
Investors are also tracking developments related to the US Federal Reserve, crude oil prices and global geopolitical 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.