Key Takeaways
Quick Read
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Silver Rate Today: Gold and silver prices have sparked market activity. -
Gold and silver prices continue to rise, breaking all previous records. -
On Wednesday, the third trading day of the week, the price of silver increased by more than Rs. 12,000 at the opening. -
Heightened global tensions over the US-Iran conflict have once again prompted investors to buy gold and silver.
Silver Rate Today: Gold and silver prices have sparked market activity. Gold and silver prices continue to rise, breaking all previous records. On Wednesday, the third trading day of the week, the price of silver increased by more than Rs. 12,000 at the opening. Heightened global tensions over the US-Iran conflict have once again prompted investors to buy gold and silver. Gold on COMEX reached $4,613.90 per ounce, compared to $4,603.70 per ounce yesterday morning. On Tuesday, the price of one kilogram of silver on the Multi-Commodity Exchange of India reached Rs. 2,74,310.
Silver Price
On Wednesday, a significant surge was observed in silver prices on the Multi-Commodity Exchange (MCX). The futures price of silver with a March 5th expiry increased by Rs. 12,803 in minutes compared to its previous close. The futures price of silver closed at Rs. 2,75,187 per kilogram on the previous trading day, but on Wednesday it reached a new all-time high of Rs. 2,87,990.
Silver becomes Rs. 52,000 more expensive
In just 10 trading days, the price of 1 kg of silver has increased by Rs. 52,117. On January 1st, the first day of the year, the futures price of silver was Rs. 2,35,873 per kilogram, which reached Rs. 2,87,990 in early trading on Wednesday. In just three trading days this week, it has risen by Rs. 19,020 per kilogram.
Silver Price in Delhi
The price of one kilogram of silver in Delhi has become Rs. 2,75,100 per kilogram.
Silver Price in Mumbai
The price of one kilogram of silver in Mumbai has become Rs. 2,75,100 per kilogram.
Silver Price in Kolkata
The price of one kilogram of silver in Kolkata has reached ₹2,75,100 per kg.
Silver Price in Chennai
The price of one kilogram of silver in Chennai has reached ₹2,92,100.
Silver Price in Kerala
The price of one kilogram of silver in Kerala has reached ₹2,92,100.
According to experts, there is a possibility of a further surge in silver prices, with rates potentially exceeding ₹3,20,000. Investors have also been advised to buy immediately whenever prices dip.
