Test charges in Delhi, Mumbai, Chennai, Kolkata and different main cities – India TV
Silver costs witnessed a big dip in India right now, with the steel buying and selling at Rs 90,500 per kilogram, down from Rs 92,500 yesterday. This marks a value drop of Rs 2,000 per kilogram. Equally, the value for 10 grams of silver decreased from Rs 925 to Rs 905, and 100 grams of silver is now priced at Rs 9,050, down by Rs 200 from Rs 9,250.
Silver costs in high north Indian cities
- Delhi: Rs 95,400 per kilogram
- Jaipur: Rs 95,800 per kilogram
- Lucknow: Rs 96,300 per kilogram
- Chandigarh: Rs 94,800 per kilogram
- Patna: Rs 95,500 per kilogram
Silver costs in high south Indian cities
- Chennai: Rs 1,02,500 per kilogram
- Bangalore: Rs 94,400 per kilogram
- Hyderabad: Rs 1,03,100 per kilogram
- Visakhapatnam: Rs 1,01,500 per kilogram
- Vijayawada: Rs 1,03,900 per kilogram
Key elements influencing treasured steel costs
- World demand: The demand for silver and gold on a world scale closely impacts value fluctuations.
- Foreign money fluctuations: Variations in foreign money values, particularly the US greenback, affect steel costs.
- Rates of interest: Rising rates of interest can scale back the enchantment of treasured metals, which yield no curiosity.
- Authorities laws: Insurance policies relating to the commerce and taxation of gold and silver can affect costs.
- World occasions: Geopolitical occasions, financial situations, and market developments play a vital function.
Skilled insights
Jewelers and monetary analysts emphasised monitoring these developments for higher funding choices. Silver stays a well-liked funding choice for a lot of as a consequence of its numerous functions and decrease entry level in comparison with gold.
Notice: Silver costs are topic to day by day market adjustments and will differ throughout cities as a consequence of native taxes and transportation prices.
Additionally learn | Gold value right now December 31: Test newest charges in Delhi, Chennai, Mumbai, Kolkata and different main cities
