Silver Price Update – Along with gold, silver customers have also received significant relief. On Friday morning, the last day of the trading week, the price of 999 purity silver fell by up to Rs 11,000, bringing smiles to customers’ faces. While silver prices have been soaring lately, this drop has certainly brought some relief.
If you are planning to buy silver, first check the latest rates. We are going to tell you the latest rates for 1 gram and 1 kilogram of silver city-wise, which will completely eliminate any confusion.
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Know the latest rates in these cities, including Delhi:
In New Delhi, the price of 1 kilogram of silver has fallen by up to Rs 11,000 and is trending at Rs 272,000. Here, you will have to spend a total of Rs 283 for 1 gram of silver. In Mumbai too, the price of silver has fallen by Rs 11,000. After the fall, silver can be bought here for a total of Rs 272,000 per kilogram. 1 gram of silver is also selling for Rs 283 here.
In Hyderabad, silver rates have also decreased by up to Rs 11,000. After the price drop, the price of 1 kilogram is being recorded at Rs 272,000. A day earlier, the price of silver was Rs 283,000 per kg. In Kolkata, too, the price of silver has fallen to a total of Rs 272,000 per kilogram. Here, the rate for 1 gram of silver is only Rs 283.
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In Chennai, 999 purity silver has fallen by up to Rs 11,000 to reach a total of Rs 272,000. This is considered a major relief for customers. In Vijayawada, too, the rates of 999 purity silver have decreased. Here, you will have to spend a total of Rs 272,000 for 1 kilogram of silver.
Silver rates in December
The month of December was quite special for silver. Last month, the minimum price of silver was ₹187,000 per kilogram, while the highest price reached ₹191,000 per kilogram.
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In November, the minimum price was ₹150,500 per kilogram, and the maximum price trended around ₹185,000 per kilogram. With the start of January, silver prices have once again begun to rise rapidly. There was some relief on Friday morning as silver prices saw a slight dip. However, even more surprising fluctuations in silver prices are possible.