Silver prices in Pune remained under pressure on Wednesday, May 20, amid weakness in global precious metal markets, elevated crude oil prices and continued geopolitical tensions linked to the ongoing US Iran conflict.
According to the latest rates, silver in Pune was priced 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. Precious metals faced selling pressure as investors reacted to rising inflation concerns, higher energy 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 inflationary pressure globally.
Silver had earlier gained on optimism surrounding AI related industrial demand and stronger metal consumption linked to data centre infrastructure growth. However, recent geopolitical developments triggered profit booking across commodity markets.
Silver rate today in Pune
| 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 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.