Silver prices in Vadodara declined on Wednesday, May 20, amid continued 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 Vadodara 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 decline in the previous session. Precious metals remained volatile as investors reacted to inflation concerns, higher energy 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.
The continuing tensions around the Strait of Hormuz have increased concerns over global energy supply disruptions, supporting crude oil prices and adding to inflationary pressure across financial markets.
Silver had earlier gained on optimism linked to AI related industrial demand and stronger consumption from data centre infrastructure related sectors. However, recent geopolitical developments have led to profit booking across precious metals.
Silver rate today in Vadodara
| 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 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.