Silver price today remained under pressure as both gold and silver prices declined in domestic and international markets. The fall comes amid profit booking by investors and changing global economic cues. MCX silver futures surged past ₹4.20 lakh per kg, marking a record high.

Silver has become nearly ₹2 lakh cheaper per kg in the last four trading days.

Investors who purchased silver at higher rates have seen big losses because silver price today is much lower now.

After touching high levels, precious metal prices have come down, and silver price today has made buyers and traders more careful.

Silver Price Today Moves Lower

The silver price today in India fell compared to the previous trading session. Experts said the fall followed global market trends, where silver prices weakened due to lower demand and increased volatility.

The silver price today may differ from city to city because of taxes, transport costs, and dealer margins.

Silver Price Today Weak, Gold Prices Also Down

Along with silver price today, gold prices also moved lower. Gold, often considered a safe-haven asset, faced selling pressure as investors booked profits after a recent rally.

Gold had gone out of reach for common people in India, and the wedding season is about to begin. As everyone knows, demand for gold and silver increases sharply during weddings in India. In such a situation, a fall in gold prices and silver price today is seen as good news for buyers.

Today’s lower rates have brought some relief to customers. In Patna, 22-carat gold is selling at around ₹14,070 per gram, while 24-carat gold is priced at nearly ₹16,058 per gram. These prices clearly show that gold rates and silver price today have dropped in recent days.

In India, 18-carat gold is most in demand for making jewellery. The price of 18-carat gold today is about ₹12,044 per gram. With gold becoming cheaper and silver price today also under pressure, buyers are hopeful of better buying opportunities during the upcoming wedding season.

FAQ

What is the rate of 1 kg of silver price today?

The silver price today in India is around ₹2,99,900 per kg. Silver is much cheaper than gold, which is why many people prefer buying silver for jewellery and investment. Because of its lower cost, changes in the silver price today attract a lot of attention from buyers and investors.

What caused the fall according to experts?

Experts explained that prices fell because many investors sold their holdings to book profits after earlier gains. At the same time, traders closed their long positions in large numbers. A stronger US dollar also reduced demand, which added more pressure and pushed prices lower in the market.