Silver Rate Today: White metal displays volatility as it struggles to stay steady at Rs. 90,500 / kg

Silver rate today stays almost steady on economic uncertainty

The white metal on the MCX (Multi Commodity Exchange) ends its plunging streak as silver makes slight recovery on May 24, Friday.

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As per the latest quotes, the silver rate for delivery in July stood at ₹90,540 per kilogram, marking a rise of ₹8 or 0.01% from the previous close of ₹90,548 per kg.

Silver rate in retail market today

For those looking to buy silver for investment or industrial purposes, the retail rate inclusive of the 3% Goods and Services Tax (GST) would be around ₹93,256 per kg.

Note: It’s important to note that silver prices may vary across different cities depending on local demand-supply dynamics and premiums charged by traders.

The rise in the silver rate today can be attributed to concerns over slowing economic growth and persistent inflationary pressures, which have boosted the safe-haven appeal of precious metals.