Silver
MCX92.04/gm
As on Jan 6, 2025, 5:30 PM
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SILVER RATE TODAY IN INDIA
TODAY 10 GRAM SILVER PRICE/GM IN INDIA (INR)
| GM | Today's Price | Yesterday's Price | Price Change |
|---|---|---|---|
| 1 | ₹92.04 | ₹90.51 | ₹1.53 |
| 10 | ₹920.40 | ₹905.10 | ₹15.30 |
| 100 | ₹9.20 K | ₹9.05 K | ₹153.00 |
Market Data
MAJOR CITIES SILVER RATE TODAY
| City | 10 GM | 100 GM | 1000 GM |
|---|---|---|---|
| Bangalore | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Delhi | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Hyderabad | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Chennai | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Kochi | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Kolkata | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Coimbatore | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Mumbai | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Surat | ₹902.34 | ₹9.02 K | ₹90.23 K |
| Ahmedabad | ₹902.34 | ₹9.02 K | ₹90.23 K |
SILVER RATE IN INDIA FOR LAST 10 DAYS (1 KG)
| Date | Price |
|---|---|
| 01/06/2025 | ₹92.04 (NA) |
| 01/06/2025 | ₹92.04 (NA) |
| 01/06/2025 | ₹92.04 (NA) |
| 01/06/2025 | ₹92.04 (NA) |
| 01/06/2025 | ₹92.04 (0.59) |
| 01/06/2025 | ₹91.45 (0.50) |
| 01/06/2025 | ₹90.95 (0.36) |
| 01/06/2025 | ₹91.31 (1.08) |
| 01/06/2025 | ₹92.39 (0.10) |
| 01/06/2025 | ₹92.49 (0.31) |
Factors Affecting the Price of Silver in India
Silver Rate:
The price of silver usually goes in tandem with the upward or downward trend of gold. If the price of gold rises as a result of increased demand, silver usually follows suit. Similarly, any decrease in gold rates mostly results in a decrease in silver rates.
Fluctuation in the US Dollar Index:
The US Dollar Index has an impact on silver prices. It means that a soaring US dollar can cause silver prices to drop, whereas a falling dollar causes silver prices to rise.
Import Duties:
Because silver is imported into India, the silver price is directly related to the imposition of import duties. Higher import duties result in higher silver prices in India.
Oil Prices:
Silver mining is a high-energy process. The day's silver rate is influenced by oil prices, as oil is the world's primary source of energy. Imported silver requires a solid logistics platform that is supported by a steady supply of oil. Furthermore, fluctuations in the price of oil are responsible for the dynamic price of silver and gold.
Trade Deficit:
The greater the value of imported commodities over exports, the greater the country's trade deficit. As the trade deficit gets wider, the government may take the consequence impact of these commodities. This affects silver prices as it is an import commodity.
Industrial Demand:
Silver is used in the production of a variety of commodities, including computers, televisions, medals, coins, and jewellery. These industries release new products almost every day, increasing demand for silver and causing prices to rise.
Inflation:
Silver prices are also affected by trends in inflation, deflation, and devaluation. The price of silver rises in tandem with inflation and falls in tandem with the value of the US dollar falls.
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