Silver prices edged lower across India on Thursday, slipping by ₹1,000 per kilogram to ₹1,89,000 per kg, compared to the previous day’s rate of ₹1,90,000 per kg. On a per-gram basis, silver was priced at ₹189, down ₹1 from yesterday.
Market experts attributed the decline to mild profit-booking after recent rallies and weakness in global spot prices, driven by a firm U.S. dollar and subdued industrial demand. The correction also reflects broader metal market trends, where investors are cautious amid steady interest rate expectations.
Here’s how silver prices fared across major cities (per kg):
- Chennai: ₹2,06,000
- Hyderabad: ₹2,06,000
- Kerala: ₹2,06,000
- Bangalore: ₹1,94,000
- Mumbai: ₹1,89,000
- Delhi: ₹1,89,000
- Kolkata: ₹1,89,000
- Pune: ₹1,89,000
- Vadodara: ₹1,89,000
- Ahmedabad: ₹1,89,000
The pullback in silver aligns with global commodity trends, as traders assess inflation data, interest rate signals, and industrial consumption patterns that influence bullion performance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Precious metal prices fluctuate daily based on market factors. Verify rates locally before making any purchase or investment decisions.
