Silver Price Today Live Update: While gold prices have fallen over the past week, silver prices are also experiencing a rapid decline. Silver prices have been declining sharply since Diwali. In just seven days, silver has become cheaper by more than ₹20,000 per kilogram. Silver prices are falling sharply not only on MCX but also in the domestic market. Silver had crossed the ₹1.70 lakh mark, but has since dropped significantly from its peak. On October 16th, the price of silver on MCX was ₹1,67,663 per kilogram, but last Friday it fell to ₹1,47,150 per kilogram. Silver has become cheaper by ₹20,513 per kilogram.
Along with the Multi-Commodity Exchange, the domestic market has also seen a sharp decline. According to the Indian Bullion Jewellers Association’s website, IBJA.com, the price of silver was ₹168,083 per kg on October 16th, and fell to ₹147,033 per kg on October 24th. This represents a decline of ₹21,050 per kg. If you’re considering buying silver, you can find the latest rates in your city here.