Silver Rate Today: White metal rises on MCX reaching Rs. 89,283 / kg

Silver rate today rises on economic uncertainty

The white metal on the MCX (Multi Commodity Exchange) rises on June 12, Wednesday.


As per the latest quotes, the silver rate for delivery in July stood at ₹89,283 per kilogram, marking a fall of ₹620 or 0.70% from the previous close of ₹90,022 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 ₹91,961 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.