New Delhi: After several consecutive days of decline, silver prices in the Indian bullion market have once again gained momentum. The market price for 999-purity silver has risen by up to ₹5,000, a development that has undoubtedly caused some disappointment among customers. Nevertheless, if you are looking to purchase silver, this remains an excellent opportunity.
The reason for this is that opportunities to buy silver at favorable rates do not come around often. Furthermore, not long ago, silver prices had crossed the ₹400,000 per kilogram mark. Viewed in this context, this presents a prime opportunity to acquire silver. Before making a purchase, you can check the price of 1 kilogram of silver across various major metropolitan cities; doing so will help eliminate any confusion.
Check Silver Prices in These Major Cities
In the national capital, New Delhi, the price of 999-purity silver rose by ₹5,000 on Wednesday morning, reaching a total of ₹240,000 per kilogram. Just one day prior—on Tuesday—the rate for 999-purity silver was recorded at ₹235,000 per kilogram.
In Kolkata, too, 999-purity silver became dearer by ₹5,000, reaching a total price of ₹240,000 per kilogram. This stands in contrast to the previous day, when the price in the city stood at ₹235,000 per kilogram. Similarly, in Chennai, the price of 999-purity silver increased by ₹5,000, reaching a total of ₹240,000 per kilogram.
In Ghaziabad, 999-purity silver also saw a price hike of ₹5,000, trending at a total of ₹240,000 per kilogram. On the previous day—Tuesday—the price of silver in the city was recorded at ₹235,000 per kilogram. In Noida, the price of 999-purity silver rose by ₹5,000, reaching a recorded total of ₹240,000 per kilogram.
On the preceding day, the price of 999-purity silver stood at a total of ₹235,000 per kilogram. In Meerut as well, silver prices rose by up to ₹5,000, reaching ₹240,000 per kilogram. In contrast, the price of silver here stood at ₹235,000 per kilogram just the previous day.
In Bareilly, the rate for 999-purity silver increased by ₹5,000, settling at ₹240,000 per kilogram. Just a day earlier, it was seen trading at ₹235,000 per kilogram.
Silver Trading Significantly Below Its Peak Levels
It is worth noting that currently, silver prices in the Indian bullion market are trading significantly below their all-time highs. Just a few days ago, silver rates had soared to ₹410,000 per kilogram. Subsequently, however, a sudden downward trend in silver prices began. The price of silver has since dropped to ₹240,000 per kilogram. Based on these figures, silver rates have witnessed a decline of ₹170,000.
