Silver Price Today: Silver prices in India witnessed a significant surge on December 22nd. On Monday, silver prices reached their highest level ever. According to the India Bullion and Jewellers Association (IBJA), the price of 1 kg of silver increased by ₹7,483 to ₹2,07,550. Previously, it was at ₹2,00,067. Including GST, the cost of silver reached ₹213,776 per kg.
Silver prices have been rising rapidly these days. Experts report that the global supply of silver is not increasing as quickly as demand. People are no longer limiting silver to jewellery; it is also seen as a safe investment option. This is why there is a continuous inflow of money into Silver ETFs. The expectation of lower interest rates in the US in the coming months is also supporting precious metals like silver. If you are considering buying silver jewellery or utensils, you should check the latest gold rates before making a purchase.
MCX Silver Rate
On the Multi Commodity Exchange (MCX), silver futures for March delivery were trading 2.39% higher at around 9:15 AM at ₹2,13,412 per kilogram. Earlier in the session, it had touched a new lifetime high of ₹2,13,844 per kilogram. Gold prices remained stable. On the MCX, gold futures for February delivery were up 0.77% at ₹1,35,224 per 10 grams.
Silver Price Today City – Wise
In Chennai, the price of silver is ₹2,310 per 10 grams, and 1 kg of silver costs ₹2,31,000.
In Mumbai, the price of silver is ₹2,190 per 10 grams. The cost of 1 kg of silver is ₹2,19,000.
In Delhi, the price of silver is ₹2,190 per 10 grams. Meanwhile, the cost of 1 kg of silver is ₹2,19,000.
In Kolkata, the price of silver is ₹2,190 per 10 grams. Meanwhile, the cost of 1 kg of silver is ₹2,19,000.
In Bangalore, the price of silver is ₹2,190 per 10 grams. Meanwhile, the cost of 1 kg of silver is ₹2,19,000.
In Hyderabad, the price of silver is ₹2,310 per 10 grams. Meanwhile, the cost of 1 kg of silver is ₹2,31,000.
In Jaipur, the price of silver is ₹2,190 per 10 grams. Meanwhile, the cost of 1 kg of silver is ₹2,19,000.