New Delhi: The Indian bullion market has been witnessing a period of significant volatility in the rates of 999-purity silver for quite some time now. If you are planning to purchase silver, this could prove to be an excellent opportunity. On Saturday morning, the rates for 999-purity silver tumbled by as much as ₹5,000 per kilogram.
If you are currently planning to buy silver, do not delay. We are providing a city-wise breakdown of the prices for 1 kilogram of silver to help clear up any confusion you may have.
Key Takeaways
Quick Read- key highlights
- Check Silver Prices Here, Including Delhi and Mumbai
- Daily Price Fluctuations
key highlights
₹2,65,000
per kilogram
₹2,70,000
per kilogram
▼ ₹5,000
uniform across cities
₹5,00,000
feared high, since dropped
Check Silver Prices Here, Including Delhi and Mumbai
In the national capital, New Delhi, 999-purity silver was seen trading at ₹265,000 per kilogram—a drop of ₹5,000. Just a day earlier, the rate for silver here was recorded at ₹270,000 per kilogram. In Mumbai, the price of 999-purity silver also fell by ₹5,000, trading at ₹265,000 per kilogram.
In Kolkata, 999-purity silver saw a reduction of ₹5,000, bringing its price to ₹265,000 per kilogram. The previous day, the silver rate in the city stood at ₹270,000 per kilogram.
In Hyderabad, 999-purity silver dropped by ₹5,000, settling at ₹265,000 per kilogram. The day before, the silver rate here had been recorded at ₹270,000 per kilogram.
In Kerala as well, the rate for 999-purity silver declined by ₹5,000, reaching ₹265,000 per kilogram. The previous day, the price for 1 kilogram of silver had been ₹270,000.
In Chennai, too, the price of 999-purity silver fell by ₹5,000, bringing the rate down to ₹265,000 per kilogram. Here, the price of silver was seen hovering at just ₹270,000 per kilogram.
Daily Price Fluctuations
It is worth noting that in the Indian bullion market, the prices of 999-purity silver are fluctuating on a daily basis. This has created a sense of indecision among customers regarding their purchasing decisions. There was even a point when it appeared that silver prices would reach as high as ₹500,000 per kilogram; however, a sudden decline in prices subsequently brought relief.