Silver Price Today: Along with gold, silver prices are also witnessing frequent fluctuations. The price of silver keeps shifting—sometimes rising, sometimes falling. There is continuous volatility in the rates. In the Delhi bullion market, following a decline, the price of silver has been recorded at ₹184,000 per kilogram (inclusive of all taxes). On the Multi Commodity Exchange (MCX), the futures price of silver rose by 0.13%—an increase of ₹234—to close at ₹176,543 per kilogram.
In the international market, the price reached $48.65 per ounce. Since the bullion market remains closed on Saturdays and Sundays, these rates will remain applicable for both days. According to the India Bullion and Jewellers Association, the price of silver had fallen to ₹178,000 per kilogram by the time the market closed on November 13. Therefore, if you are considering purchasing silver items, such as anklets or other jewellery, you should check the latest silver rates beforehand.
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Check Silver Rate City – Wise
The price of 1 kg of silver in Delhi is ₹195,000.
The price of 1 kg of silver in Mumbai is ₹195,000.
The price of 1 kg of silver in Kolkata is ₹195,000.
The price of 1 kg of silver in Chennai is ₹195,000.
The price of 1 kg of silver in Patna is ₹195,000.
The price of 1 kg of silver in Lucknow is ₹195,000.
The price of 1 kg of silver in Meerut is ₹195,000.
The price of 1 kg of silver in Kanpur is ₹195,000.
The price of 1 kg of silver in Ayodhya is ₹195,000.
The price of 1 kg of silver in Mathura is ₹195,000.
The price of 1 kg of silver in Gorakhpur is ₹195,000.
The price of 1 kg of silver in Varanasi is ₹195,000.
The price of 1 kg of silver in Agra is ₹195,000.
The price of 1 kg of silver in Ghaziabad is ₹195,000.
The price of 1 kg of silver in Noida is ₹195,000.
The price of 1 kg of silver in Gurugram is ₹195,000.
The price of 1 kg of silver in Chandigarh is ₹195,000.
The price of 1 kg of silver in Jaipur is ₹195,000.
According to the India Bullion and Jewellers Association, the price of silver was recorded at ₹182,868 per kilogram on November 6. By the time the market closed on November 13, the price had fallen to ₹178,000 per kilogram. This indicates that over the course of a week, the price of gold has decreased by ₹4,868 per kilogram.
Should you buy silver now?
If you trade in silver, you should currently avoid making hasty purchases. Kedia Commodity has also advised caution regarding buying at current levels. Unless silver shows strength above the ₹1.80 lakh mark on the MCX, the risk of weakness in the market may persist. The report also suggests considering hedging through options to protect against price volatility.