Silver prices in Kolkata declined on Wednesday, May 20, following weakness in global precious metal markets amid rising inflation concerns, higher crude oil prices and ongoing geopolitical tensions in West Asia.
According to the latest rates, silver in Kolkata stood at Rs 280 per 10 gram, Rs 28,000 per 100 gram and Rs 2,80,000 per kilogram.
International silver prices traded below $75 an ounce after witnessing a sharp fall in the previous session. Commodity markets remained volatile as investors reacted to higher oil prices, elevated US Treasury yields and concerns that interest rates may stay higher for longer.
Market sentiment was also impacted after US President Donald Trump warned that the United States could resume strikes on Iran if 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 global inflationary pressure.
Silver had earlier gained on optimism surrounding AI related infrastructure demand and stronger industrial metal consumption linked to data centres. However, the recent geopolitical developments triggered profit booking across precious metals.
Silver rate today in Kolkata
| 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 movements in crude oil prices, global bond yields and inflation expectations.
Analysts said rising geopolitical tensions and expectations of elevated interest rates have increased volatility in global commodity markets, putting pressure on precious metals including silver.
Investors are also monitoring upcoming US Federal Reserve commentary and developments in the Iran conflict for further cues on silver price movement.
Disclaimer: Silver prices mentioned above are indicative and may vary across cities and jewellers due to local taxes and other charges.