Silver Rate Today: Silver prices have declined sharply today, July 23. The price has dropped by ₹4,201 to settle at ₹2,22,480 per kilogram. Tensions between the US and Iran, along with domestic industrial demand, appear to be influencing silver prices. The metal saw a significant drop on the fourth day of the week; on Thursday, the price suddenly fell by ₹3,340. These rates were shared by https://ibjarates.com/.
If you are planning to buy or invest in silver, here is the latest price as of Wednesday, July 23.
How much cheaper is silver compared to its peak?
Following Thursday’s sharp decline, a comparison with its all-time high shows the MCX silver price is now ₹1.93 lakh lower. In January, the price of silver futures crossed the ₹4 lakh mark for the first time, reaching a high of ₹4,20,048; compared to current levels, silver is now available at a price lower by ₹1,93,050.
IBJA Silver Rate
According to the India Bullion and Jewellers Association (IBJA), the price of silver stood at ₹2,25,820 per kg on Thursday afternoon. By evening, it fell by ₹3,340 to reach ₹2,22,480. At the close of the market on July 22, the price had been recorded at ₹2,25,460.
Silver drops below ₹2.22 lakh
Silver prices declined right from the start of trading in the commodity market on Thursday. After closing at ₹2,26,998 per kg following a surge in the previous session, the price fell to ₹2,21,820 today—marking a decrease of ₹5,178 per kg.
Delhi Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Mumbai Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Kolkata Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Chennai Silver Rate
10 grams silver – ₹2450
100 grams silver – ₹24500
1 kg silver – ₹245000
Patna Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Lucknow Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Ayodhya Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Kanpur Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Meerut Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Ghaziabad Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Noida Silver Rate
10 grams silver – ₹2400
100 grams silver – ₹24000
1 kg silver – ₹240000
Gurugram Silver Rate
10 grams silver – ₹2400
100 grams of silver – ₹24,000
1 kg of silver – ₹2,40,000
Chandigarh Silver Rate
10 grams of silver – ₹2,400
100 grams of silver – ₹24,000
1 kg of silver – ₹2,40,000
Jaipur Silver Rate
10 grams of silver – ₹2,400
100 grams of silver – ₹24,000
1 kg of silver – ₹2,40,000