Thursday, Nov 20 — Silver prices in India declined today, with the metal trading at ₹165 per gram, down ₹3 from yesterday. On a per-kilogram basis, silver is now priced at ₹1,65,000, marking a sharp drop of ₹3,000 compared to the previous day.
The decline in domestic prices mirrors the movement in international markets, where weak global cues and volatility in precious metals have influenced spot rates.
Price movement across key weight categories
According to the latest rate sheet for November 20:
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1 gram: ₹165 (down ₹3)
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8 gram: ₹1,320 (down ₹24)
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10 gram: ₹1,650 (down ₹30)
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100 gram: ₹16,500 (down ₹300)
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1 kg: ₹1,65,000 (down ₹3,000)
The steady decline across all categories indicates soft demand and global price pressure.
City-wise silver rates today
Major Indian cities reported the following prices for 10 gram, 100 gram and 1 kg silver:
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Chennai: ₹1,730 (10g), ₹17,300 (100g), ₹1,73,000 (1kg)
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Mumbai: ₹1,650, ₹16,500, ₹1,65,000
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Delhi: ₹1,650, ₹16,500, ₹1,65,000
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Kolkata: ₹1,650, ₹16,500, ₹1,65,000
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Bangalore: ₹1,650, ₹16,500, ₹1,65,000
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Hyderabad: ₹1,730, ₹17,300, ₹1,73,000
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Kerala: ₹1,730, ₹17,300, ₹1,73,000
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Pune: ₹1,650, ₹16,500, ₹1,65,000
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Vadodara: ₹1,650, ₹16,500, ₹1,65,000
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Ahmedabad: ₹1,650, ₹16,500, ₹1,65,000
Southern cities including Chennai, Hyderabad and Kerala continue to show higher silver prices compared to other metros.
What’s influencing silver prices?
Silver prices in India are directly impacted by:
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International spot silver rates
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Dollar movement
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Commodity market sentiment
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Local demand trends
With global prices fluctuating, domestic rates are expected to remain volatile through the week.
