courtesy: USA Today
Silver rate today gains ground on economic uncertainty
The Multi Commodity Exchange (MCX), registered an increase in the rates of silver, indicating the white metal gaining ground amid broader economic uncertainty.
As per the latest quotes, the silver rate for delivery in July stood at ₹91,149 per kilogram, marking a jump of ₹125 or 0.14% from the previous close of ₹91,024 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 ₹93,883.47 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.
