Silver Price Update – Gold prices skyrocketed between Dhanteras and Diwali, which inevitably dashed consumer expectations. But now the situation has improved. Not only gold, but silver prices are also experiencing a significant drop. In the last ten days, silver prices have fallen significantly.
According to a report, silver prices have fallen by ₹17,000 since Dhanteras. This is good news for consumers ahead of the wedding season. If someone in the family is going to have a wedding, they can buy silver. This means that on October 18th, the price of 1 kg of silver in India was quite high.
Now, on the morning of October 28th, the price of silver is being recorded at ₹1,55,000 per kg. This is considered a significant decline. You can check the price of silver in some metropolitan cities.
Silver Rates in Kerala
In Kerala, the price of 100 grams of silver is being sold for ₹17,000 per 100 grams. The price of 1 kg of silver is being recorded at ₹170,000. In Jaipur, the price of 100 grams of silver is being recorded at ₹15,500 per 10 grams.
The price of 1 kg of silver here is trending at ₹155,000 per kg. Furthermore, in Nagpur, the price of silver is being recorded at ₹155,000 per kg. Meanwhile, in Chennai, the price of silver is being recorded at ₹170,000 per kg. The variation in prices across cities is due to local taxes and GST. Silver prices had once reached very high levels, but now consumers have found some relief.
Gold and silver prices continue to fluctuate.
For your information, the fluctuating prices of gold and silver have been causing confusion among consumers. However, the significant drop in gold and silver prices in the last ten days has brought significant relief to consumers.
If you’re looking to buy silver, this is a great opportunity. Because such opportunities don’t come around often. Those with weddings in their homes can save money by purchasing gold. If you miss the opportunity, you’ll be a loser.