Silver Price Today: Have once again shown a decline in the Indian market. On Monday, 17 November, silver became cheaper after a sharp fall of nearly ₹5,000 per kg on Friday. After the recent drop, silver is now trading much lower than its previous peak.
In Delhi, the price of silver is ₹1,68,900 per kg, while in Chennai it is ₹1,74,900 per kg. Similar price drops have been recorded in major cities including Uttar Pradesh, Bihar, Mumbai, Hyderabad, and Bengaluru.
Due to the ongoing wedding season, the demand for silver remains high, but despite the increased demand, prices have slipped again today. If you are planning to buy silver, it is important to check the latest rates in your city.
City-Wise Silver Prices (Per 1 Kg)
- Delhi: ₹1,68,900
- Mumbai: ₹1,68,900
- Ahmedabad: ₹1,68,900
- Chennai: ₹1,74,900
- Kolkata: ₹1,68,900
- Gurugram: ₹1,68,900
- Lucknow: ₹1,68,900
- Bengaluru: ₹1,68,900
- Jaipur: ₹1,68,900
- Patna: ₹1,68,900
- Bhubaneswar: ₹1,68,900
- Hyderabad: ₹1,74,900
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Why Silver Prices Are Rising in the Long Term?
The demand for silver has increased sharply in the last year. Its use is no longer limited to jewellery or decorative items. Silver is now widely used in:
- Mobile phones
- Computer chips
- Electronic components
- Solar panels
Due to this rising industrial demand, silver prices have seen a significant jump over time.
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