New Delhi: Early Monday morning saw stability in the prices of both gold and silver, leaving customers feeling quite disappointed. At one point, it seemed as though silver prices would drop further; however, this renewed stability has once again heightened concerns among buyers.
Nevertheless, if you are planning to purchase silver, do not delay. If you are looking to buy silver with 999 purity, we are here to provide you with city-wise price details, thereby eliminating any confusion you may have.
Check Silver Rates in These Major Cities
In Mumbai, the capital of Maharashtra, the price of 999-purity silver is holding steady at ₹255,000 per kilogram. The previous day, the silver rate here was also trading at ₹255,000 per kilogram. Additionally, in the national capital, Delhi, the price of 999-purity silver is trending at ₹255,000 per kilogram. The day before, the silver rate in Delhi was similarly recorded at ₹255,000 per kilogram.
In Kolkata, the capital of West Bengal, 999-purity silver was observed trading at ₹255,000 per kilogram. On the previous day, the rate for 1 kilogram of silver had also trended at ₹255,000. In Ghaziabad, a city adjacent to Delhi, the rate for 999-purity silver was also seen at ₹255,000 per kilogram, matching the previous day’s rate of ₹255,000 per kilogram for 1 kg of silver.
In Noida, the price of 999-purity silver remained unchanged at ₹255,000 per kilogram, mirroring the price of ₹255,000 recorded just one day prior. Finally, in Bengaluru, the capital of Karnataka, the price of 999-purity silver was observed at ₹255,000 per kilogram—identical to the rate of ₹255,000 per kilogram recorded the previous day.
Read More: Gold Prices Skyrocketing? Know the Reasons Behind the Surge
Silver Trading at a Significant Discount from Its Peak
It is worth noting that silver prices are currently trading at a substantial discount compared to their all-time highs, presenting an excellent opportunity for buyers. There was a time when the rates for 999-purity silver had surged past the ₹400,000 mark. However, silver is now trading at approximately ₹255,000 per kilogram. The implication is clear: silver is currently available at a price that is nearly ₹150,000 per kilogram lower than its peak levels.
