Silver Rate Today: White metal falls for second consecutive day

Silver rate today gains ground on economic uncertainty

The Multi Commodity Exchange (MCX), registered an fall in the rates of silver for second consecutive day, after the metal crossed the threshold of Rs. 95,000 on the previous day.

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As per the latest quotes, the silver rate for delivery in July stood at ₹93,888 per kilogram, marking a fall of ₹185 or 0.20% from the previous close of ₹94,540 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 ₹97,376 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.