Silver Price Today: Besides gold, the skyrocketing increase in silver prices has left customers quite disappointed. On Thursday morning, like gold and silver, rates also saw a significant jump. 999 purity silver reached an all-time high after an increase of Rs. 12,000 per kilogram.
Buying silver is no longer an easy task. If you are planning to buy silver, don’t waste any time. You can find out the city-wise prices of 1 kilogram of silver.
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Know the price of 1 kilogram of silver in major cities
Check the latest silver rates in some of India’s major cities before making a purchase. In Delhi, 999 purity silver increased by Rs. 12,000 to reach Rs. 283,000 per kilogram. The previous day, the rate of 999 purity silver was trending at Rs. 271,000 per kilogram.
In Mumbai, silver prices also increased by the same amount. After the increase, silver was recorded at Rs. 283,000 per kilogram. The previous day, the silver rate was trending at Rs. 271,000 per kilogram.
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In Lucknow, silver rates also increased significantly. Here, silver rose to Rs. 283,000. On Wednesday, silver was selling at Rs. 271,000 per kilogram. In Vijayawada, silver also increased by Rs. 12,000 to reach Rs. 283,000. The previous day, silver rates were trending at Rs. 271,000.
In Coimbatore, the rate of 999 purity silver reached Rs. 283,000 per kilogram after the increase. In Kanpur, Jaipur, Kochi, Bhopal, and Mysore, silver rates were trending at Rs. 283,000 per kilogram after an increase of Rs. 12,000. In Faridabad, Gurgaon, Patna, and Indore, the price of 999 purity silver has also risen, trending at ₹283,000 per kilogram.
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Prices have been rising for quite some time.
Silver prices have been increasing in the Indian bullion market for a considerable period. While there was a slight dip after the festive season in October, the prices quickly rebounded. Now, buying silver has become as expensive as buying diamonds.
No one has any idea where this continuous price increase will stop. If this trend continues, the situation could become quite serious. On the other hand, investors are also hesitant to invest in silver. The price of silver has fluctuated significantly in the past, leading to losses for investors.