Silver Rate in Delhi

Todays Silver price in Delhi:

  • 1 gram silver price is 48.91 Indian Rupee
  • 1 kg silver price is 48,910 Indian Rupee
More
  • Today's Silver Rate in Delhi( 05 Jun 2020 )

    ₹ 48.91
    Today's Silver Rate per gram

    Compare Silver Rate In Delhi (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 48.91 ₹ 48.9 ₹ 0.01 ↑
    Bar Silver (1 Kg) ₹ 48,910 ₹ 48,900 ₹ 10 ↑

    Silver Price In Delhi For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    04 Jun 2020 ₹ 48.91 ₹ 48,910
    03 Jun 2020 ₹ 48.9 ₹ 48,900
    02 Jun 2020 ₹ 50.16 ₹ 50,160
    01 Jun 2020 ₹ 50.12 ₹ 50,120
    31 May 2020 ₹ 50.1 ₹ 50,100
    30 May 2020 ₹ 48.56 ₹ 48,560
    29 May 2020 ₹ 47.91 ₹ 47,910
    28 May 2020 ₹ 47.91 ₹ 47,910
    27 May 2020 ₹ 48.7 ₹ 48,700
    26 May 2020 ₹ 48 ₹ 48,000

    Weekly & Monthly Graph of Silver Rate in Delhi

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price In Delhi:

    Silver is one of the most sought-after commodities in Delhi. The national capital, with its vast population, is a major driver for silver sales in the country. Consequently, silver rate in Delhi can be accepted as a benchmark for silver rates in the country. Silver is not only popular with the ever-expanding middle class in the city, even the lower income groups rely on silver as a form of investment to hedge against inflation and market movement, while they receive the option for immediate liquidity when the need so arises.

    Silver is mainly purchased in Delhi in its physical form, which offers options such as coins, silverware, jewelry, bullions and so on. Silver is also traded by residents of Delhi in the Multi Commodity Exchange and the National Commodities and Derivatives Exchange, which offer different contracts of silver, and are available for a specified number of months in a year.

    Also Know: Gold Rate in Delhi

    Trend of Silver Rate in Delhi for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%

    Trend of Silver Rate in Delhi for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • Silver prices in the nation’s capital, Delhi, opened the month of April at Rs.40,500 per kg and showed a fluctuating trend throughout the month, ending with a percentage incline. In the first few days of the month, until 5 April, there were no changes in the price of the white metal with the country on lockdown and major trading centres in the country were shut for operations. On 6 April, the price of the metal dipped marginally to Rs.40,360 per kg and increased marginally soon after on 7 April to Rs.40,370 per kg. The drop in prices was majorly due to investors shifting to the stock market from the bullion market with the inclining trends in the U.S. dollar value in the international market.
    • The price of the precious metal in the second week of the month showed an incline at Rs.41,290 per kg on 8 April. Silver prices showed an incline of almost Rs.1,000 per kg compared to the previous week’s closing price. The rise in prices was due to investors shifting back to the bullion market amidst a rising trend in the number of new cases of COVID-19 all over the world. However, on 9 April, the price of the metal dipped to Rs.40,960 per gram and further increased and settled at Rs.41,000 per kg on 10 April. The price of silver increased by Rs.100 to Rs.41,100 per kg on 11 April and remained stagnant till 12 April due to steady trends of the metal in the international market. On 13 April, silver prices increased marginally to Rs.41,160 per kg, increasing gradually to Rs.41,310 per kg on 14 April. The price of the metal increased by Rs.610 per kg on 14 April at Rs.41,920 per kg and closed at Rs.41,860 per kg on 15 April. The constant rise of silver prices was due to the rise in the number of cases and deaths in the world along with the greater effect of the virus on the economy prompting investors to shift to safe-haven assets.
    • Beginning the third week of April, silver prices on 16 April was Rs.41,860 per kg and increased by Rs.40 to Rs.41,900 per kg on 17 April. However, on 18 April, silver prices plummeted heavily to Rs.41,210 per kg with reports of a possible treatment for COVID-19. This prompted investors with higher risk appetite to shift to the stock market, resulting in the lower demand of the white metal. On 19 April, silver was priced at Rs.41,160 per kg increasing marginally to Rs.41,170 per kg on 20 April. However, amidst the lowering prices of the metal, silver, on 21 April hit its highest price of the month and the week at Rs.42,710 per kg with the reports of a possible virus being deemed as false. With this, and the continuous rise in cases and deaths due to COVID-19, investors shifted back to the bullion market. On 22 April, the price of the metal dipped to Rs.41,660 per kg with most investors booking profits, thus causing the price of the metal to fall. The metal closed the week at Rs.41,420 per kg on 23 April with a fall in price by Rs.240 per kg.
    • The last week of April showed mixed trends in the price of the precious metal, showcasing heavy inclines in the first half of the week. Opening at Rs.42,430 per kg on 24 April, the price of the metal increased to Rs.42,540 per kg on 25 April. Increasing further, silver prices were at Rs.42,610 per kg by 27 April which marked the end of its inclining trend. With many countries focusing more on the economy and announcing a possible easing of their lockdown restrictions, investors shifted back to the stock market amidst high-risk appetite. With this, the price of the metal dipped and closed the month at Rs.41,520 per kg, recording an overall percentage incline of 2.51.

    Trend of Silver Rate in Delhi for March 2020 (rates per kg)

    Parameters Silver Price (per kg
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.5%
    • Silver price in Delhi for the month of March saw an overall decline of 14.5%. During the month, traders and investors sold their assets to hoard cash due to the growing concerns on the economy because of the coronavirus outbreak. The prices of silver opened at Rs.47,400 per kg, the same as the last day of February. In the first week of the month, silver rates increased to a great extent. On 6 March 2020, silver hit its highest rate for the month and was at Rs.50,700 per kg.
    • In the second week of March, silver prices fluctuated. A strong dollar and the selling of assets for cash ensured that the prices fluctuated continuously. After hitting Rs.50,500 per kg on 8 March 2020, silver rate in Delhi reduced to Rs.49,200 per kg on the next day. After the prices increased on 10 March, silver rates began to fall in the city. A weak economy led to investors selling their assets, which ensured that the prices reduced. Silver prices closed the week at Rs.44,000 on 14 March 2020,
    • Silver rate in Delhi opened the third week at Rs.44,000 for a kg. During the week, silver hit its lowest rate for the month on 19 March 2020 and was at Rs.37,800 per kg. A strong dollar led to investors moving away from the bullion market. On 21 March 2020, silver rates increased slightly and were at Rs.40,100 for a kg.
    • The prices of silver were stagnant in the last week of March. Investors moving back to the bullion market and the several measures introduced by the US Federal Reserve to help the economy made sure that silver prices did not drop. Silver closed the month at Rs.40,500 per kg.

    Trend of Silver Rate in Delhi for February 2020 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • In the nation’s capital, silver prices showed a fluctuation in prices in the first three weeks of the month. However, after increasing, the price of the metal declined in the last week of February, closing the month at a percentage decline in prices. On 1 February, the price of the metal opened at Rs.50,300 per kg and decreased in the first week as the Central Bank in China liquidated funds to stabilise their economy amidst rising Coronavirus concerns. The metal, at the end of the week, had dipped to Rs.50,000 per kg on 7 February.
    • With the number of cases and the death toll increasing every day due to the virus, investors shifted to the bullion market amidst increased safe-haven demand. However, silver price in Delhi fluctuated and dipped marginally in the second week of the month when China’s medical advisor mentioned that the virus outbreak could be over by April. With increased risk appetite, investors shifted to the bullion. On 17 February, the metal was priced at Rs.50,400 per kg.
    • Silver prices increased in the third week of February amidst growing Coronavirus fears all over the world. On 20 February, the price of the metal had increased to Rs.52,100 per kg which was an Rs.2,100 increase in 3 days' time. The metal’s prices were set to hit the highest price in 6 months on 21 February in the global market. On 24 February, the metal hit its monthly high at Rs.52,900 per kg.
    • On 25 February, the price of silver in Delhi dipped marginally to Rs.52,700 per kg and showed a declining trend till the end of the month. This was due to investors booking profit with silver prices hitting a monthly high. Due to this, the price of the metal decreased in the market. At the end of the month, silver closed at Rs.47,400 per kg with a percentage decline of 5.76.

    Trend of Silver Rate in Delhi for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • The prices of silver in Delhi for the month of January opened at Rs.50,300 per kg and closed at Rs.50,200 per kg.
    • Due to the tensions in the Middle East, the prices of gold hit its highest rate on 8 January 2020 and touched Rs.52,600 per kg.
    • The easing of the tensions between Iran and the US ensured that the prices of gold reduced after 8 January. The trade deal concerns and the coronavirus concerns ensured that the prices of gold fluctuated for the rest of the month.
    • Overall, the prices of silver in Delhi saw a decline of 0.19% for the month of January.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Delhi for December 2019 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.48,100 per kg
    December 31 Rate Rs.50,900 per kg
    Highest Rate in December Rs.50,900 per kg on 31 December
    Lowest Rate in December Rs.46,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 5.82%
    • In Delhi, silver price stood at Rs.48,100 per kg on 1 December. Compared to the previous month’s closing price, there was no change in the rates of the white metal.
    • The rates slipped to the lowest for the month of December on 10 December when every kilogram of the precious metal was retailed for Rs.46,400. The drop in the prices was accounted to the wait and watch approach of investors regarding the trade deal between the two superpowers i.e., the United States and China.
    • In the third week, silver prices climbed as the Senate voted in favour of the impeachment of US president Donald Trump. As of 21 December, silver in the national capital cost Rs.48,200 per kg.
    • Silver closed the month at the highest recorded price of Rs.50,900 per kg. In the national capital, silver’s overall performance was 5.82%, trending skywards.

    Trend of Silver Rate in Delhi for November 2019 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.50,500 per kg
    November 30 Rate Rs.48,100 per kg
    Highest Rate in November Rs.50,700 per kg on 2 and 3 November
    Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
    Overall Monthly Performance Decline
    Percentage Change -4.75%
    • The silver price opened at Rs.50,500 per kg in Delhi for the month of November 2019. The main reason behind the rate of silver was the interest rate cut of the US Federal Reserve.
    • Owing to the US-China trade wars the rate of the metal increased further and stood at Rs.50,700 per kg on the 2nd and 3rd of November. This has been the highest recorded rate for the month. The lowest recorded rate of silver for the month was Rs.47,200 per kg on the 9th and 10th of November.
    • The month of November ended with the rate of silver standing at Rs.48,100 per kg. The overall decline in the performance of the metal was –4.75%.

    Trend of Silver Rate in Delhi for October 2019 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.47,400 per kg
    October 31 Rate Rs.50,000 per kg
    Highest Rate in October Rs.50,400 per kg on 26 and 27 October
    Lowest Rate in October Rs.47,400 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.4%
    • Silver rate in Delhi were low at the starting of the month at Rs.47,000 per kg with the US-China trade war caused uncertainties investors to shift to the bullion, resulting in the decrease in the value of the dollar. This was also the lowest rate in October.
    • Prices increased to Rs.50,400 per kg on 26 and 27 October as stocks were positively impacted by the strengthening of the dollar and rise of equity markets as the positive stance in trade talk between the US and China renewed optimism amongst investors.
    • Silver prices were at Rs.50,000 per kg by the 31 October with a steady incline of 5.4% as the uncertainty around the US-China deal resulted in the metal becoming a safe investment.

    Trend of Silver Rate in Delhi for September 2019 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500per kg
    Highest Rate in September Rs.55,200 per kg on 4 September
    Lowest Rate in September Rs.48,500 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -6%
    • Silver rate in Delhi opened at Rs.51,600 per kg on 1 September on steady industrial demand, though a stable U.S. dollar capped gains from increased industrial interest.
    • A rise in tensions in the Middle East and weak markets due to economic uncertainty as a result of the U.S.-China trade conflict drove up bullion demand as silver price in Delhi climbed to Rs.55,200 per kg on 4 September.
    • Towards the middle of the month there was a decline in bullion demand as equity markets recovered and interest in safe-haven assets fell, resulting in silver prices dropped steadily despite steady industrial offtake.
    • The end of the month saw a continued fall in rates as retail demand plummeted on high import costs, with silver rate in Delhi ending the month at a monthly low of Rs.48,500 per kg on 30 September, with prices falling by 6% during the month.

    Trend of Silver Rate in Delhi for August 2019 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.44,100 per kg
    August 31 Rate Rs.51,600 per kg
    Highest Rate in August Rs.52,200 per kg on 29 August
    Lowest Rate in Augu Rs.44,100 per kg on 1 August
    Overall Monthly Performance Incline
    Percentage Change 17%
    • Silver rate in Delhi opened the month at Rs.44,100 per kg on weak retail demand but market volatility bolstered price as the metal rose steadily.
    • An increase in tensions in the Middle East unsettled equity markets and impacted the dollar rate which resulted in investors increasing their bullion offtake, as the white metal rose to Rs.48,800 per kg on 13 August.
    • Silver price remained static for a few days before dropping to Rs.47,800 per kg on 19 August on U.S. interest rate cut hopes and fears over a possible recession.
    • Despite fluctuations in overseas demand, local interest in silver remained high as industrial units and coin makers capitalized on a declining rupee rate, with silver price in Delhi surging to Rs.52,200 per kg on 29 August before settling at Rs.51,600 per kg to record a whopping 17% rise during the month.

    Trend of Silver Rate in Delhi for July 2019 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.40,500 per kg
    July 30 Rate Rs.44,800 per kg
    Highest Rate in July Rs.44,900 per kg on 25 July
    Lowest Rate in July Rs.40,400 per kg on 2 July
    Overall Monthly Performance Incline
    Percentage Change 10.61%
    • The month began with silver prices in Delhi opening at Rs.40,500 per kg due to declining retail demand but market volatility bolstered prices as the metal rose to Rs.40,800 per kg on 8 July.
    • An increase in tensions in the Middle East unsettled equity markets and the dollar which resulted in investors increasing their bullion offtake, as the industrial metal rose to Rs.41,300 per kg on 13 July.
    • Prices were constant for a few days before a bullion rally led to the metal surging to Rs.44,500 per kg on 19 July on U.S. interest rate cut hopes and fears over a possible recession.
    • Domestic interest in silver remained high as industrial units and coin makers capitalized on a weak rupee, with prices rising to Rs.45,900 per kg on 25 July and settling at Rs.44,800 per kg when the month ended.

    Also Check Silver Price in NearBy Cities of Delhi

    Silver as an Investment in Delhi

    Silver is considered to be a good bet for savings-oriented investment by the residents of Delhi. It is popular among the rural classes also as it offers a means of stability and easy liquidity to them when the need arises. Silver is primarily purchased as silverware or jewelry in Delhi, followed by a decent demand for coins and other products such as idols and lamps. Major areas where investment in silver is seen in the national capital are:

    Physical silver: These are available in the form of jewelry, ornaments, silverware, bars, coins and other varieties. Physical silver can be purchased from the multitude of jewelry and precious metal stores and dealers spread throughout the city. Customers get a large number of options to choose from, owing to the historic city’s centuries old interest in the shiny metal. There are dedicated silver-sellers also operating in the city, who provide various products and options to customize as per customers’ choice.

    Silver contracts: Silver contracts are available from the Multi Commodity Exchange (MCX) and National Commodities and Derivatives Exchange (NCDEX). The exchanges offer silver in different purities such as 999 and 995 purity, and offer contracts on silver of various weights. In general, silver is priced and sold in base units of 1 kg.

    Silver Rates in Delhi

    Here’s a look at the silver rates in Delhi since the start of 2019.

    Silver Price per kg at the start of this year was Rs.36,088. Prices continued to rise over the next few weeks and peaked at Rs.40,508 on 21st January. Prices stayed above Rs.37,000 level through most of February, before falling to Rs.36,142 on 23rdFebruary. Prices declined again over the course of March and bottomed out on 18th March at Rs.35,216. This was followed by a mini rally that brought prices up to Rs.39,066 on 27th March. Prices stayed around Rs.37,000 level over the month of April, before reac

    Read more on Silver

    News About Silver Rate in Delhi

    • Silver futures prices for the month of July increase by 0.3% on 29 May 2020

      Silver futures prices for the month of July on MCX increased by 0.3% and were at Rs.48,710 for a kg. In the international markets, the prices of silver decreased by 0.3% and were at $17.38 for an ounce.

      Gold prices in India increased as well, tracking international markets. The main reason for the increase in prices in the global markets is the tensions between China and the US. Gold futures prices for the month of June on MCX increased by 0.34% and are at Rs.46,565 for 10 grams. The prices of gold have reduced since hitting record highs of Rs.47,980 for 10 grams earlier in May. The improvement for riskier assets and the reopening of economies in several countries ensured that the prices of gold reduced. In the international markets, spot gold prices increased by 0.1% and were at $1,719.63 for a kg. Several measures have been introduced by Central Banks all over the world to help the economy that has been affected due to the coronavirus outbreak. These measures have ensured that the prices of gold remained high. Gold prices in India are inclusive of 12.5% import duty and 3% GST.

      29 May 2020

    • Silver prices increase in India on 30 April 2020

      Silver futures prices for the month of May on MCX increased by 0.5% and are at Rs.42,570 for a kg. The prices of gold increased in India as well.

      Gold futures prices for the month of June on MCX increased by 0.35% and are at Rs.45,700 for 10 grams. In the previous session, the prices of gold fell by Rs.566. In the last three sessions, the prices of gold in India tracked global rates and decreased. Earlier in April, the prices of gold hit record highs and were above Rs.47,000 for 10 grams. The prices of gold have remained volatile since then. In the international markets, spot gold prices decreased due to the improvement in risk appetites. Spot gold prices decreased by 0.1% and are at $1,708.85 for an ounce. In the case of currency debasement and inflation, gold is considered as a safe haven. Gold prices have also been supported by the increasing number of coronavirus cases. Gold prices in India are inclusive of 12.5% import duty and 3% GST. The demand for physical gold in India has been low due to the coronavirus outbreak and the subsequent lockdown.

      30 April 2020

    • Silver price decline for the second day in a row

      Silver price in the country slipped for the second day in a row. On the Multi Commodity Exchange (MCX), May silver futures fell by 0.26 percent to cost Rs.43,206 per kg. It must be noted here that the rates of the white metal are affected by factors like inflation, gold reserves at the central banks, global market price changes, trade wars, interest rates etc.

      Gold prices were also down on Thursday. On the MCX, June gold futures fell by 0.14 percent to Rs.44,880 per gram. In the previous session, gold futures had declined by 0.54 percent.

      In the global market, the white metal had been trading by 0.02% higher. The metal had been priced at $14.67 per ounce.

      9 April 2020

    • Silver futures climb as the international market stays firm

      The price of the white metal had risen by 3.17% to Rs.41,135 per kg. This had been in the futures trade. The hike in prices had been driven by the investors and participants widening their bets amidst a very strong and firm trend in the international silver market. When it comes to the Multi Commodity Exchange, the precious metal contracts for the month of May delivery had gained by Rs.1,263 (3.1%) to Rs.41,135 per kg in 4,058 lots.

      The white metal contracts delivery for the month of July had risen by Rs.1,253 to Rs.41,333 per kg in 528 lots.

      The traders had said that the fresh bets by all the participants during the previous trading rally had been in line with a very firm trend in international markets. This had led to the rise in prices of silver futures.

      In the global market, the white metal had been trading by 0.02% higher. The metal had been priced at $14.67 per ounce.

      3 April 2020

    • Silver futures gain by Rs.465

      On Monday, the prices of silver in the national capital had risen by Rs.465 to Rs.36,308 per kg in the futures trade. This was driven by the widening bets amidst a strong trend in the white metal internationally.

      When it comes to the Multi Commodity Exchange, the May white metal contracts delivery had gained by Rs.465, (1.3%) to Rs.36,308 per kg in 2,847 lots.

      The July silver deliveries had been trading higher by Rs.567 (1.5%) at Rs.36,825 per kg.

      A lot of traders had said that new bets by the participants had led to the hike in silver futures. This metal had been quoting 1.90% higher at $12.62 per ounce in the international market.

      24 March 2020

    • Silver prices increase by Rs.2,400 for every kilogram

      Silver prices on Friday recovered by Rs.2,400 per kg on the strength of the rise of the white metal in the international oil market. In the bullion market in Delhi, silver was traded for Rs.38,800 per kg. As per information available, silver spot rose by $0.71 to cost $12.79 per ounce in the global market.

      Gold prices also increased in the bullion market in Delhi on Friday and was up by Rs.850 for every 10 grams to cost Rs.42,570. In London and New York, spot gold gained $30.80 to cost $1,502.10 an ounce. The US gold futures for April also gained by $30.30 to cost $1,509.60 an ounce.

      As per the Indian Bullion and Jewellers Association, the rates of the yellow metal had closed at Rs.40,496 for every 10 grams on Thursday.

      20 March 2020

    • Silver prices down 2% as traders prefer to sit on cash

      On Tuesday, silver futures had fallen by 2% during the trading rally. This dip was driven by investors who were continuing to sell assets that would keep their money in liquid cash. This was done amidst the panic as the economy weakened over the coronavirus outbreak.

      On the MCX, the May silver futures had been valued down by Rs.602 or 1.6% at Rs.35,605 per kg, When it comes to the Ahmedabad market, the price of silver had dipped to Rs.35,726 from Rs.42,984.

      In the global market, the price of the white metal had fallen by 1.5% to $12.71. Spot gold had dipped by 1.1% to $1,496.78 per ounce. U.S. gold futures had gained by 1.1% to $1,503.20.

      All holdings in the SPDR Gold Trust, world's largest gold-backed ETF ad fallen by 0.2 per cent to 929.84 tons.

      18 March 2020

    • Prices of silver increase after falling by Rs.3,500 for a kg in a single session

      Post the crash in rates the previous week, the prices of silver rebounded in India on 16 March 2020. Silver futures prices on MCX increased by 1% and is at Rs.40,392 for a kg.

      In the previous session on 14 March 2020, the prices of silver fell by Rs.3,500 in a single session. In the international markets, the prices of silver increased due to the cuts in the interest rates by the Federal Reserve. Prices of silver in the international markets increased by around 3%. Following silver, the prices of gold increased as well. Gold prices increased by Rs.600 and are at Rs.40,460 for 10 grams. The main reason for the increase in prices was a weaker rupee and an advancement in the global markets. In the international markets, the prices of gold increased by around 3%. Gold prices in the international markets increased by $45 and are at $1,575.47 for an ounce. In case the markets are bad, gold is considered as a safe haven among most investors. However, the prices of gold fell by its biggest margin in the last week when compared to the last three decades. Gold prices in India include 3% GST and 12.5% import duty. The physical demand for gold has been affected in India due to the volatility in its prices. There has been negative growth in gold imports since December 2019.

      16 March 2020

    • Silver prices increase, following suit of gold prices in the international market

      With the number of cases of Coronavirus increasing daily, silver prices have been increasing in the market as well with the rise in safe-haven demand amongst investors. With the gold prices in the bullion market increasing, silver prices have increased as well, the following suit.

      In the Indian market, gold prices on 11 March had increased by Rs.736 per 10 grams on the Multi Commodity Exchange and were priced at Rs.42,133 per 10 grams. Similarly, silver prices increased as well by 2% to be priced at Rs.45,350 per kg on the same day. In the previous session, gold prices had seen a dip of more than Rs.1,000 per 10 grams due to profit-booking by investors. However, the price of the metal bounced back in the market amidst the escalation of the Coronavirus in the world.

      In the global markets, the price of the yellow metal had bounced back and was priced 1.2% higher at $1,602.90 per ounce. Similarly, the price of silver increased by 1.3% to be priced at $16.88 per ounce. There have been many factors at play along with Coronavirus which is affecting the global bullion market.

      According to experts, bullion prices will remain on the positive side given the increasing safe-haven demand with rising economic fears all over the world.

      13 March 2020

    • Silver prices slide by 1.3% to cost Rs.45,224 per kg

      Silver prices in the country slipped considerably on Thursday with every kilogram of the white metal being retailed for Rs.45,224. The rates of the precious metal slipped by 1.3%. In the overseas markets, silver gained 0.6% to cost $16.85 per ounce. The jump in the prices of the precious metal in the international market was accounted to coronavirus fears after the World Health Organization (WHO) declared the deadly virus as a pandemic.

      Gold prices also edged lower in the country on Thursday. On the Multi Commodity Exchange (MCX), April gold futures were down by 0.1% to cost Rs.43,314 for every 10 grams. The rates of the yellow metal in the country have been volatile since hitting a record high of about Rs.45,000 for every 10 grams. In the overseas market, spot gold prices increased by 0.6% to cost $1,645.00 per ounce.

      12 March 2020

    • Gold rate skids to Rs.44,250 as silver drops Rs.99

      On Thursday, the price of gold dropped by Rs.157 to Rs.44,250 per 10 grams as the demand for the metal saw a decline. The precious metal had closed at Rs.44,407 per 10 grams during the previous trade rally. The HDFC Securities Senior Analyst (Commodities) Tapan Patel had said that in the national capital, spot gold for 24 Karat had traded lower by Rs.157. In the international market, the yellow metal had earned marginal gains at $1,640 per ounce.

      When it comes to the white metal, the price of silver had dropped by Rs.99 to Rs.47,517 per kg. In the global market, the metal had been down at $17.17 per ounce.

      The Indian rupee is continuing to depreciate and had skid another 5 paise on Thursday. The currency traded at Rs.73.44 against the U.S. dollar. This drop was driven by the wide-spread fear of the coronavirus that has been affecting the global market off late.

      6 March 2020

    • Silver futures shoot up to Rs 44,615 per kg

      On Monday, the prices of silver futures had skyrocketed by Rs.636 to Rs.44,516 per kg. Experts have said that this boost was driven by traders widening their bets on precious metals. The silver contracts for March delivery had gained 1.45% on the Multi Commodity Exchange.

      The month of May saw its delivery for the white metal trading higher by Rs.616 (1.39%) at Rs.45,019 per kg in 8,697 lots. This precious metal had been quoting 2.75% higher at $16.91 per ounce in the international market.

      2 March 2020

    • Price of gold and silver see a dip in global markets

      Gold and silver prices, after hitting its 7-year highs in the earlier part of February, ended the month by trading at a low in the global markets. COMEX gold hit its 7-year high in the month due to the increasing concerns on Coronavirus and its effect on the global economy. Along with this, global equity markets, being weak also played an important role in the rise in prices of the metal.

      However, gold prices saw a major and rapid decline in the past week of the month, closing at a comparatively lower rate. On 24 February, the price of gold was $1,692 per ounce and then slipped till the end of the month. Silver prices, similarly, was recorded at $19.92 per ounce at its highest, before recording lower prices for the rest of the month.

      In February, overall, COMEX gold has dipped by 1.34% to close at $1,566.7 per ounce with silver prices decreased by a whopping 9% to be closing at $16.39 an ounce. However, in the Multi Commodity Exchange, the price of gold recorded an increase of 0.9% in the month of February to be priced at Rs.41,397 per 10 grams. However, silver prices dipped in the domestic market by 6.5% to be priced at Rs.44,403 per kg.

      25 February 2020

    • Gold and silver prices decrease after increasing for 5 continuous days

      Gold prices in the country dipped due to a decline in the metal’s rates in the global markets. On the Multi Commodity Exchange, the price of gold for April delivery declined by Rs.1,200 to Rs.42,371 per 10 grams, resulting in a percentage decline of 2.7. This was the first time the metal showed a dip in prices in 5 days. The precious metal recovered its losses marginally and was down by 1.6% at Rs.42,855 per gram.

      Silver prices, following suite also dipped in the country, priced at Rs.48,049 per kg on the Multi Commodity Exchange, falling by 3%. Gold prices have been trading with positive trends all around the world due to the increasing impact of the Coronavirus on the global economy.

      In the global markets, the yellow metal dipped by 1% on 26 February majorly due to profit-taking after gold hit its highest price in 7 years in the previous session. Spot gold prices dipped to $1,642.89 per ounce after hitting the high at $1,688.66 per ounce.

      However, the rise in the number of cases and deaths due to Coronavirus helped the metal stay afloat in the global markets amidst the profit-taking.

      25 February 2020

    • Silver prices rise Rs.178 to Rs 46,405 per kg

      The prices of silver rose by Rs.178 to Rs.46,045 per kg as investors increased their bet amidst a firm trend in silver prices in global markets.

      Silver contracts for March rose Rs.178, or 0.39%, to Rs.46,405 per kg in 2,707 lots.

      The white metal for delivery traded higher by Rs.163, or 0.35%, to Rs.46,891 per kg in 183 lots.

      Due to a fresh bet by investors in line with a firm trend in global markets was the primary reason why the price of silver surged.

      In the international market, silver was up 0.68% at $17.86.

      17 February 2020

    • Gold prices fall by Rs.112, silver by Rs.108

      In Delhi, the value of gold declined by Rs.112 on Tuesday, trading at Rs.41,269 per 10 grams. The reason for the decline was identified as weak demand in the global market, as per HDFC Securities. The previous trading session had seen gold prices close at Rs.41,381 per 10 grams. There was a decline in silver prices as well as the white metal fell by Rs.108 to close the session at Rs.47,152 per kilogram. The previous session saw silver trading at Rs.47,260 per kilogram. Tapan Patel, a Senior Analyst (Commodities) at HDFC Securities said that spot gold for 24 karat in Delhi was down by Rs.112 due to weak spot demand in global gold prices. So far as the global market was concerned, gold as well as silver were trading lower. The value of gold was recorded at $1,568 per ounce, while silver was trading at $17.71 per ounce.

      12 February 2020

    • Silver futures fall by Rs.123 for every kg on Tuesday

      As participants cut down their bets taking weak cues from overseas markets, silver futures dropped by Rs.123 on Tuesday to cost Rs.46,106 per kg. Silver contracts for March delivery tumbled by 0.27 percent on the Multi Commodity Exchange (MCX) in a business turnover of 2,547 lots. The rates of the white metal which are to be delivered in the month of May fell by Rs.93 or 0.20 percent to be trading at Rs.46,648 per kg in 47 lots. In the international market, the precious metal traded 0.03 percent lower on Tuesday with an ounce costing $17.78.

      11 February 2020

    • Weak spot demand causes decline in silver futures

      There was a decline in silver futures at the start of this week, with prices falling to Rs.46,015 per kilogram, thus marking a fall of Rs.91 from the closing rate of last week. The reason for the decline was attributed to the cut down in bets by participants as overseas markets were weak. Silver contracts for delivery in March also fell by 0.20% (Rs.91) to Rs.46,015 per kilogram on the Multi Commodity Exchange. Silver contracts for May delivery also declined by 0.12% or Rs.57 to close at Rs.46,560 per kilogram in 24 lots. So far as the international market was concerned, the price of silver fell by 0.01%.

      05 February 2020

    • Decline in gold and silver prices

      There was a decline in gold prices yesterday. Rates fell by Rs.396 per 10 grams in Delhi due to a decline in demand. The price per 10 grams was Rs.40,871. On the previous day, 10 grams of the precious metal were valued at Rs.41,267, as per HDFC Securities. A decline was also recorded in silver prices, from Rs.47,060 per kilogram on the previous day to Rs.46,881 yesterday. According to Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, the value of 24 karat spot gold in the national capital fell by Rs.396. On the other hand, he said, the value of the Indian rupee increased to 71.17 when compared to the dollar, marking an increase of 8 paise from the previous day. So far as the international market was concerned, gold was being sold for $1,554 per ounce while the price of silver was $17.70 per ounce. Mr. Patel went on to say that the reason for the decline in gold prices was due to the comeback of global markets as Chinese indices stabled following the infusion of liquidity by China’s central bank.

      05 February 2020

    • Silver prices increase by Rs.310 per kg while gold prices show a steady trend

      In Mumbai, gold prices remained firm at Rs.39,900 per 10 grams. This was majorly due to investors shifting to the bullion market as safe haven amidst trade tensions arising yet again. The unresolved issues related to the tariffs and their uncertainty remained a factor for investors, resulting in a low risk appetite. The decreasing value of the rupee also played an important factor in the gold prices.

      22-karat gold in Mumbai was Rs.36,548 per 10 grams with an additional 3% for GST. 24-karat gold on the other hand was priced at Rs.39,900 per gram plus GST and 18-karat gold was Rs.29,925 per gram in the retail market.

      There have been certain issues which are helping the prices of the metal to stay afloat. With China agreeing to buy more goods and services from the United States and the latter agreeing to remove the tariffs on China only after the Phase 2 of the deal is concluded, tensions are still persistent. The ratio of the amount of silver required to buy an ounce of gold was 86.23:1.

      In the futures market, gold rates hit the intraday high at Rs.39,775 per 10 grams and intraday low of Rs.39,604 per gram on the Multi Commodity Exchange. The metal for the February series, touched a low of Rs.36,098 per gram and a high of Rs.41,293.

      16 January 2020

    • Prices of silver fall by Rs.1,148 for a kg

      The prices of silver reduced by Rs.1,148 and hit Rs.47,932 for a kg in Delhi on 9 January 2020. In the previous session, the prices of silver were at Rs.49,080 for a kg. In the international market, the prices of silver were at $17.93 for an ounce.

      According to HDFC Securities, the main reason for the reduction in silver prices were weak global trends and a strong rupee. The prices of gold reduced by Rs.766 and hit Rs.40,634 for 10 grams in Delhi on 9 January 2020. In the previous session, the prices of gold were at Rs.41,400 for 10 grams. In the global market, the prices of gold were at $1,546 for an ounce. According to the Head – Advisory of HDFC Securities, Devarsh Vakil, the prices of gold reduced after Iran and the US stepped back to avoid a deeper military conflict. This resulted in investors buying riskier assets. He further added that the gold prices in the domestic market were affected by the strong value of the rupee against the dollar and the weak prices of gold in the international market. The value of the rupee advanced by 22 paise against the dollar and touched Rs.71.48.

      10 January 2020

    • Silver rates decline amid US – Iran tensions

      With a rebound in rupee against the US dollar and a decline in the global markets, silver prices fell sharply in the country. As per the Indian Bullion and Jewellers Association, the rates of white metal dropped to Rs.47,145 per kg from Rs.47,955 per kg. It must be noted here that the rates of gold also slipped due to the ongoing tensions in the Middle East after the United States killed a top Iranian commander on Friday. The rates of the yellow metal having a purity of 999 was sold for Rs.40,537. On the Multi Commodity Exchange, gold contracts for February traded higher by 0.04% at Rs.40,490 per 10 gram with a business turnover of 4,004 lots.

      8 January 2020

    • Silver prices increase by Rs.234 to cost Rs.45,460 per kg

      On Monday, silver gained Rs.234 to cost Rs.45,460 per kg in the national capital. As per HDFC Securities, the jump in the prices was accounted to positive global trend and rupee depreciation. It must be noted here that the spot rupee was trading around 10 paise weaker against the dollar. In the international market, the white metal was trading at $17 per ounce.

      The rates of gold also witnessed a jump in the prices. The rates of the yellow metal were up by Rs.50 to cost Rs.38,698 for every 10 grams in New Delhi. In the global market, gold was trading with gains at $1,475.7 per ounce.

      16 December 2019

    • Silver rises while gold falls in futures trading

      Futures trading in silver rose by Rs.35 to become Rs.43,860 per kg which was reflected by the global trend that was also positive. On the Multi-Commodity Stock Exchange, the silver contracts for the March delivery were trading at 0.8% higher. In the international market it was increased at $16.91 an ounce, or up by 0.36%, in New York. Gold was trading at $1,477.70 an ounce in New York, which was up by 0.18%. Gold prices fell to Rs.37,665, or by Rs.34, per 10 gram in the futures trade. Gold prices for February delivery on the Multi Commodity Exchange fell to Rs.37,665 per 10 gram or by 0.09% or Rs.34. This was for a business turnover of 15,899 lots. For the April delivery, gold fell by 0.14% or Rs.53 which was down to Rs.37,731 for 10 gram in 2,561 lots.

      13 December 2019

    • Prices of silver rise by Rs.52 in Delhi on 6 December 2019

      On 6 December 2019, the prices of silver increased by Rs.52 and hit Rs.45,547 for a kg. In the previous session, the prices of silver closed at Rs.45,495 for a kg.

      In the international market, the prices of silver reduced and were trading at $16.88 for an ounce. According to HDFC Securities, the prices of gold in the national capital reduced by Rs.26 and hit Rs.38,895 for 10 grams. On 5 December 2019, the prices of gold were trading at Rs.38,921 for 10 grams. According to the Senior Analyst (Commodities) at HDFC Securities, Tapan Patel, the prices of 24-karat spot gold in the national capital were trading slightly lower due to the depreciation in the value of the rupee. He further added that the value of the rupee reduced by 10 paise against the dollar. In the international market, the prices of gold were trading lower and hit $1,473 for an ounce. Tapan Patel said that the prices of gold were under pressure after the US President said that the trade talks between the US and China were progressing well. On 6 December 2019, trading of Asian stocks increased as investors were optimistic that the trade deal between China and the US would be signed soon.

      11 December 2019

    • Gold and silver prices fall for the fourth consecutive day

      Gold prices dropped for the fourth consecutive day after uncertainties regarding the trade deal between U.S.A and China.

      The Multi Commodity Exchange, gold contracts for February traded lower by Rs 47, or 0.12%, at Rs.37,652 per 10 grams. Post the decline, the price of gold stands at about Rs 2,400 per 10 grams from their September highs of about Rs 40,000 per 10 grams.

      On international markets, the prices of gold were 0.1% higher at $1,460.40 per ounce today, after declining 1% in the previous session, its biggest one-day drop in a month.

      The prices of silver rose 0.1% at $16.58 per ounce, after touching its lowest since early August in the last session.

      White House economic adviser Larry Kudlow said that U.S. A’s plan to implement new round of tariffs on Chinese goods were still in place with December 15 as the deadline. Kudlow also added that both U.S.A ad China were talking daily in order to reach an interim deal.

      10 December 2019

    • Prices of silver reduce by 0.36% on 2 December 2019

      The prices of silver on MCX hit Rs.44,200 for a kg on 2 December 2019, reducing by 0.36%. Silver prices on the international market reduced by 0.71% and were trading at $16.9 for an ounce.

      According to the Director of Tradebulls, Aasif Hirani, the prices of silver opened negatively on 3 December 2019, reducing by 46 points. He further added that the prices of silver have seen a negative trend over the last three months. Hirani said that the objective was to push the prices of silver above Rs.45,700. He further added that the prices of silver could range between Rs.44,500 and Rs.44,300 on 3 December 2019. Prices of gold also decreased on 3 December 2019 and hit Rs.37,859 for 10 grams, reducing by Rs.90. According to many analysts, China’s robust factory data and the value of the dollar were the main reasons for the price changes. In the Indian market, spot gold prices reduced on 2 December 2019 and hit Rs.37,979 for 10 grams. Prices of gold are expected to be around the Rs.37,700 levels on 3 December 2019 due to global weaknesses. In the international market, the prices of gold reduced by 0.10% and were trading at $1,467.75 for an ounce.

      4 December 2019

    • Silver futures prices reduce by 0.08% on MCX

      Silver futures prices on MCX hit Rs.44,825 for a kg on 20 November 2019, reducing by 0.08%. Stock markets in Asia fell on 20 November 2019 after a legislation was passed by the US Senate supporting the protests in Hong Kong.

      Prices of gold reduced in India for the second day in a row on 20 November 2019. Gold prices on MCX reduced by 0.09% and hit Rs.38,172 for 10 grams. Prices of gold have reduced by Rs.1,800 since September. Gold prices in September hit record highs of Rs.40,000 for 10 grams. Gold prices in the international market increased by 0.1% and hit $1,473.75 for an ounce. According to the chairman of ABans group, Abhishek Bansal, the prices of gold have been supported by the weak US dollar and the uncertainty of the trade talks between China and the US. Traders are keenly waiting for news on the Federal Reserve’s meeting. Interest rates have been reduced three times this year by the Federal Reserve to support growth and for insurance against the trade talks between China and the US. On 19 November 2019, the US President warned that the tariffs would be increased if China did not sign the trade deal he liked. According to an analyst, gold traders remain focused on the trade talks.

      21 November 2019

    • Prices of silver decrease slightly on 19 November 2019

      On MCX, prices of silver decreased by 0.13% and hit Rs.44,625 for a kg. In the international market, prices of silver increased by 0.2% and hit $17.05 for an ounce.

      Prices of gold in India also saw a sharp decrease in the previous session. Gold futures prices on MCX decreased by 0.2% and hit Rs.38,152 for 10 grams. In the last session, prices of gold increased by 0.65% after decreasing by Rs.500 from the earlier lows. In the global market, prices of gold almost decreased to a two-week low due to the uncertainty of the trade deal between China and the US. Prices of spot gold increased by 0.2% and hit $1,473.04 for an ounce. The prices are the highest since 7 November 2019. According to various reports on 18 November 2019, China remained unsure that a trade deal would be stuck with the US after issues over tariffs. The prices of gold have also been choppy over the last few weeks due to the tension in trade talks between China and the US. Equity markets in Asia were also mixed as they were waiting for news in the trade talks. The Fed meeting which is scheduled for 20 November 2019 will be closely watched by gold traders. According to the chairman of ABans Group, Abhishek Bansal, gold prices could be supported because of the weakness of the US dollar and interest rate cuts by China. In India, the demand for gold has reduced because prices have increased by 20% so far this year.

      20 November 2019

    • Prices of silver increased in Delhi, Vijayawada, and Hyderabad on 14 November 2019

      On 14 November 2019, silver prices increased by Rs.20 for a kg when compared to 13 November 2019. Prices of silver in Hyderabad increased by Rs.20 and hit Rs.48,770 for a kg.

      The prices of silver increased in Visakhapatnam and Vijayawada as well. The price of silver in Delhi hit Rs.48,770 for a kg, increasing by Rs.20. On MCX, silver prices increased by 0.33% and hit Rs.44,680 for a kg. The uncertainty in the trade war between China and the US helped in the increase of silver and gold prices. Gold prices increased for the third day on 14 November 2019. December futures prices of gold on MCX increased by 0.14% and hit Rs.38,150 for 10 grams. In Hyderabad, 24 carat gold prices increased by Rs.130 and hit Rs.39,640 for 10 grams. 22 carat gold prices increased by Rs.120 and hit Rs.36,340 for 10 grams. In Delhi, prices of 24 carat gold and 22 carat gold increased by Rs.100 and hit Rs.38,300 and Rs.37,100 for 10 grams, respectively. Despite the increase in prices, gold has seen a reduction in value by about Rs.1,800 after reaching record highs of Rs.40,000 for 10 grams in September. In the international market, prices of gold increased slightly and hit $1,464 for an ounce. According to a note made by Kotak Securities, prices of gold recovered due to the optimism of a trade deal between China and the US. However, the US President recently announced that tariffs would increase if a deal is not struck.

      14 November 2019

    • Gold and silver price edge lower after rise in risk appetite

      The gold and silver prices edged lower after the Cabinet approved Rs.25,000 crore plan to revive the real estate sector which played a role in raising sentiments and compelling the investors to invest in riskier assets.

      MCX Gold (Dec) futures were down 0.13% to Rs.38,197, while MCX Silver (Dec) futures dropped 0.06% lower to Rs.45,631.

      Gold prices remained unchanged in the international markets as investors remained cautious after signs that there might be a delay in the signing of the trade deal between U.S. and China.

      Spot gold was trading at $1,491.27 per ounce, while US gold futures were flat at $1,492.9 per ounce, according to a report by Reuters.

      8 November 2019

    • Silver price rise by Rs.245 to touch Rs.47,735 per kg

      Silver rate rose by Rs.245 reaching Rs.47,735 per kg as against the previous closing of Rs.47,490 per kg on Monday, 4 November in the national capital. Gold price also moved up because of wedding season demand when it touched Rs.39,263 per 10 gram, an increase of Rs.78. On Saturday, 2 November gold had closed at Rs.39,185 per 10 gram. Both the prices of silver and gold were quoting lower at US$ 18.08 an ounce and US$ 1,509 per ounce in the global market. Fresh triggers from the trade deal between the US and China are awaited by the markets. The Senior Analyst at HDFC Securities was quoted saying, ‘The international gold prices traded steady off the intra-day high of USD 1,514 as markets are waiting for fresh triggers from US-China trade deal and absence of key economic data.’

      5 November 2019

    • Silver prices fall by 0.1% on Friday

      On Friday, silver prices followed the trend of gold and ended 0.1% lower at the MCX. The rates closed the day at Rs.45,500 per kilogram. In the global market, the prices of silver were down by 0.24% and was trading at $17.57 an ounce. As per analysts at Kotak Securities, silver may continue to witness choppy trade in the upcoming days as well. This is because the risk sentiment may result in mixed trade in gold and industrial metals. It needs to be mentioned here that jewellers have already rolled out promotional offers to increase footfall and improve sales ahead of Dhanteras and Diwali.

      20 October 2019

    • Slip in silver futures

      The silver rate on the futures trade was Rs.45,160, a fall of Rs.66. This was in sync with the global trend which led to speculators reducing their bets. At the Multi Commodity Exchange, the December’s silver for delivery was priced at Rs.45,150 per kg for a business turnover of 2,526 lots. This was lower by 0.15% or Rs.66. In the international market, there was a fall of 0.13% which meant $17.41 for an ounce in New York. For delivery in March next year, silver quoted lower at Rs.46,100 per kg for a business volume of 10 lots which was lower of 0.16% or Rs.74. Analysts stated that precious metals trending weakly in global markets and speculators trimming positions led to the dip in silver futures.

      18 October 2019

    • Gold, silver trade higher ahead of the Brexit talk

      The Gold features traded marginally higher at Rs.38,245, whil the Silver features traded up at 0.25% at Rs.45,918.

      The international price of gold stayed below $1,500 per ounce as the market geared up for the talks related to Brexit between Britain and EU.

      Spot gold was flat at $1,492.83 per ounce while the U.S. gold features traded lower at $1,496.90 per ounce.

      10 October 2019

    • Gold and silver prices to rise due to heavy selling global equities

      The prices of gold and silver are said to rise again due to the heavy selling in global equities, Brexit fears and the United States Producer Price Index-PPI Data.

      With the tensions in the trade talks in China and the United States of America, the investors would be inclining towards the bullion, increasing bullion prices. 22-karat gold prices are said to remain between the range of Rs.37,760 to Rs.37,800 per 10 grams. 24-karat gold rates would range between Rs.38,760 to Rs.38,800 per 10 grams. Silver, on the other hand, is expected to trade at Rs.48,600 per kg.

      The Multi Commodity Exchange was closed on Tuesday on the account of Dusshera. Gold prices in New Delhi the country remained stagnant at Rs.39,210 per 10 grams. The price of the precious metal dipped by Rs.30 compared to its previous closing price on Saturday at Rs.39,240 per 10 grams.

      10 October 2019

    • Silver prices decrease in the festive season

      Silver prices decreased by Rs.90 and hit Rs.46,390 for a kg. Silver futures prices also decreased by Rs.140 and hit Rs.45,390 for a kg. However, buying and selling of coins remained the same at Rs.920 and Rs.930 for a unit, respectively.

      Gold prices also reduced on 7 October 2019 due to weak demand in the festive season. Gold prices reduced by Rs.30 for 10 grams and hit Rs.39,210 in Delhi’s Sarafa Bazar. According to the chief of HDFC Securities, Tapan Patel, since there was a sluggish opening during the weekend, the effect has carried on throughout the week as well. Apart from the sluggish opening, the weak rupee was also a factor for the decrease in prices. According to reports from New York and London, the global market has also seen an impact of precious metals. Spot gold prices reduced by $2.65 and hit $1,501.85 for an ounce. Gold futures prices for December in America also decreased by almost $4 and hit 1,506 for an ounce. The standard for gold was Rs.39,390 for 10 grams.

      9 October 2019

    • Silver prices decrease because of profit booking

      Silver prices traded lower on 4 October 2019 after the Reserve Bank of India cut interest rates by 25bps. On MCX, silver futures prices for December reduced by Rs.233 and hit Rs.45,406 for a kg.

      The main reason for the reduction in prices is considered to be profit booking. Gold futures prices for December on MCX also reduced by 0.12% and hit Rs.38,355 for 10 grams. An accommodative stance has been maintained by India’s central bank so that the inflation comes below 4%. The stance would be maintained till the growth is got back on track and the target is achieved. In the international market, gold prices decreased as well. However, prices of gold remained above $1,510 for an ounce. The main reason for the decrease in prices is because of the recession fears and the weak economic data of the US. The trade war concerns between the US and China has also been one of the reasons why investors have been on the edge in regards to gold demand.

      7 October 2019

    • Silver futures increase by Rs.750 due to increased demand

      The price of silver rose by Rs.758 to Rs.45,610 per kg in futures trade on 3 October as investors gave in to risks despite a slow trend in the global markets.

      On the Multi Commodity Exchange (MCX), silver contracts for December delivery increased by Rs.758, or 1.69%, to be priced at Rs.45,610 per kg in a business turnover of 4,473 lots.

      Similarly, the white metal for delivery in March next year traded higher by Rs.799, or 1.75%, to Rs 46,529 per kg in 199 lots.

      Analysts mentioned that the widening of positions by investors amidst firm demand at various physical markets resulted in the increase in silver prices.

      However, in the international market, silver was down 0.19% at 17.65 an ounce in New York.

      4 October 2019

    • Price of gold and silver decreases due to a weak global trend

      The price of gold dipped on 26 September 2019 by Rs.497 to be priced at Rs.38,685 per 10 grams due to a weak global trend as per HDFC Securities.

      Silver prices also dropped significantly by Rs.1,580 at Rs.47,235 per kg as compared to Rs.48,815 per kg on 25 September 2019. The price of 24-karat gold closed at Rs.39,182 per 10 grams.

      Spot gold price in New Delhi opened at a low after overnight selling of COMEX gold. This correction in gold prices came ahead of the festival season in the country which is going to be starting in the next month which could increase demand, mentioned Mr. Devarsh Vakil, Head – Advisory (PCG), HDFC Securities.

      In the global market, the price of gold was trading lower at $1,508 per ounce whereas silver too was trading low at $17.90 an ounce. Mr. Vakil mentioned as the President of the United States of America, Donald Trump mentioned that the U.S. - China trade deal could get finalised before than expected, the focus of investors shifted from the bullion to the stock market.

      27 September 2019

    • Silver Price in Delhi drops by Rs.90

      Silver rate in Delhi dropped by Rs.90 to be priced at Rs.48,023 per kg today due to investors trimming their positions due to decreased demand overseas and weak trend.

      Price of silver for December delivery traded lower by Rs.90 or 0.19% at Rs.48,023 per kg in a business turnover of 2,211 lots on the MCX.

      Similarly, for March delivery, the price of the precious metal fell by Rs.119 or by 0.24% to be trading at Rs.49,010 per kg for a business turnover of 18 lots.

      In the international market, silver traded at $18.66 an ounce which is 0.27% lower than its previous closing price in New York.

      24 September 2019

    • Silver futures see a huge gain in prices due to a weaker rupee

      Silver and Gold prices in India increased on 23 September 2019 because of a weaker rupee and higher global prices. Silver futures prices increased by 1.75% and hit Rs.47,277 for a kg. Silver saw higher gains when compared to gold.

      Gold prices in the country also saw an increase after hitting a one-month low last week. October gold futures on MCX increased by 0.6% and hit Rs.37,950 for 10 grams. Before seeing a recovery, gold prices hit a one-month low of Rs.37,438 for 10 grams on 20 September 2019. In the international market, gold prices increased by 0.1% and hit $1,518.33 for an ounce. Expected prices for 22 Carat gold on 24 September 2019 for 1 gram, 10 grams, and 100 grams are Rs.3,691, Rs.36,910, and Rs.3,69,100, respectively. Expected prices for 24 Carat gold on 24 September 2019 for 1 gram, 10 grams, and 100 grams are Rs.3,791, Rs.37,910, and Rs.3,79,100, respectively. 22 Carat gold prices in Chennai, Delhi, Mumbai, Kolkata, Bangalore, and Hyderabad are expected to be at Rs.36,140, Rs.36,910, Rs.36,900, Rs.37,180, Rs.35,160, and Rs.36,140, respectively. 24 Carat gold prices in Chennai, Delhi, Mumbai, Kolkata, Bangalore, and Hyderabad are expected to be at Rs.39,400, Rs.37,910, Rs.38,010, Rs.38,430, Rs.38,800, and Rs.39,400, respectively. Expected prices for silver on 24 September 2019 for 1 gram, 10 grams, 100 grams, and 1 kg are Rs.50.07, Rs.500.71, Rs.5,007.1, and Rs.50,071, respectively.

      17 September 2019

    • Silver prices decrease after a sharp rise

      Silver and gold prices reduced on 17 September 2019 after an increase on 16 September 2019. Silver price decreased by 0.12% and hit Rs.47,160 for a kg. On MCX, gold futures price also decreased to Rs.37,961 for 10 grams.

      In the global market, spot gold prices remained flat at $1,497.98 for an ounce. Gold prices increased by 1% on 16 September 2019. Gold prices in international as well as domestic markets increased on 16 September 2019 because of the drone attacks on oil facilities in Saudi Arabia. On 14 September 2019, Abqaiq’s oil processing facility was attacked by drone strikes. The increase in gold prices was also because of the uncertainties of the trade talks between the US and China. Traders have moved their attention towards the policy decisions of the Bank of Japan and the US Federal Reserve. Both the decisions will be released on 18 September 2019. The rates were reduced by the Federal in July. This was the first time any cuts have been made since 2008. Another reduction in rates could hint at economic issues in the US. Chairman Jerome Powell’s press conference is also being eagerly anticipated by market watchers because new economic projections will be made.

      17 September 2019

    • Silver futures slip by Rs.124 due to global cues

      The silver price in Delhi fell by Rs.124 to Rs.47,376 per kg as various speculators cut down their exposure even though the metal showed a firm trend in global markets.

      The major reason for the fall in prices was the weakened domestic demand of the white metal. On the Multi Commodity Exchange, silver for delivery most-traded December was trading at a percentage low of 0.26% at Rs.47,376 per kg in a business turnover of 5,118 lots.

      The metal for delivery for March 2020 fell by Rs.62 or 0.13% and is trading at Rs.48,484 per kg in 48 lots. In the international market, the price of metal increased by 0.41% to USD 18.25 an ounce in New York.

      13 September 2019

    • Silver prices increase by Rs.160 in Delhi

      On 5 September 2019, silver prices increased in Delhi to hit Rs.50,110 for a kg, increasing by Rs.160. Silver prices had closed at Rs.49,950 for a kg on 4 September 2019.

      Gold prices also increased by Rs.83 and hit Rs.39,271 for10 grams in Delhi. The price for 10 grams of 99.9% pure gold also hit Rs.39,271 on 5 September 2019. 10 grams of 99.9% pure gold had closed at Rs.39,188 on 4 September 2019. International markets saw a decrease in gold prices to $1,542 for an ounce. Silver prices also decreased to $19.35 for an ounce. According to a senior analyst at HDFC securities, Tapan Patel, there has been a decrease in gold prices because of the easing geopolitical tensions in Hong Kong and the progression in talks between China and the US.

      6 September 2019

    • Silver Rate Soar On Volatile Markets, Rising Demand

      Silver price echoed trends seen across the gold market, surging to record highs on the back of steady demand and positive overseas cues.

      Silver rate jumped to Rs.48,850 per kg, recording a rise of Rs.2,110 on rising demand from coin makers and industrial units. Weekly-based silver delivery traded at Rs.46,416 per kg to record an increase of Rs.1,289.

      The surge in local bullion rates reflected trends seen overseas, where silver traded 0.61% higher at $18.38 per ounce.

      Ongoing trade tensions and the possibility of further interest rate cuts by the U.S. Federal Reserve also ramped up demand for safe-haven bullion. Fears of a recession due to weak U.S. Treasury yields also bolstered demand for precious metals, seen as a hedge against equity fluctuations.

      28 August 2019

    • Silver price increase to Rs.46,740 for a kg

      On 27 August 2019, prices for a kg of silver increased by Rs.190 to hit Rs.46,740. The main reason for the increase in prices is due to the increase in offtake by coin makers and industrial units.

      According to the All India Sarafa Association, gold prices remained steady at Rs.39,670 for 10 grams on 27 August 2019 after rising for five days in a row. Prices of gold hit an all-time high of Rs.39,670 on 26 August 2019. Despite the easing worries in the trade talks between China and the US and the recovery in gold equity indices, gold prices were firm in the international markets. In the national capital, 10 grams of 99.5% and 99.9% pure gold remained at Rs.39,500 and Rs.39,670, respectively. 8 grams of sovereign gold was also steady at Rs.29,500. Ready silver increased by Rs.190 to hit Rs.46,740 for a kg. However, delivery of weekly-based silver decreased by Rs.164 to hit Rs.45,127 for a kg. There was high demand in silver coins as well. Buying of silver coins traded higher at Rs.96,000, increasing by Rs.2,000. Selling of 100 silver coins was at Rs.97,000.

      27 August 2019

    • Silver prices fall by Rs.307 per kg in futures trade on Wednesday

      Amid a weak trend in global markets, the rates of silver fell by Rs.307 per kg on Wednesday. Following the fall in the prices, the precious metal was trading at Rs.43,634 per kg. On the Multi Commodity Exchange, silver for delivery in September was trading lower by 0.7 percent in a business turnover of 4,019 lots. The metal for delivery in far-month December fell by Rs.322 or 0.71 percent and was trading at Rs.44,960 per kg in 458 lots. Globally, silver prices fell by 0.72 percent and was trading for $17.02 an ounce in Singapore.

      21 August 2019

    • Price of gold reduces by Rs.100 due to decrease in demand

      Gold prices in New Delhi saw a drop by Rs.100 on 31 July 2019 due to a decreased demand from local jewellers even though the price of the yellow metal remained flat globally.

      According to All India Sarafa Association, silver rate in Delhi increased by Rs.70 to Rs.42,120 per kg due to increased offtake by industrial owners and coin makers.

      Globally, the price of gold was trading at a flat price of $1,430.70 an ounce in New York as the investors were awaiting the outcome of the United States Federal Reserve’s meeting which happened on 31 July.

      According to various sources, the United States Federal Reserve is expected to cut its benchmark interest rate for the first time in 10 years. Contrary to Indian silver price trends, globally the white metal is trending at a low of $16.54 per ounce.

      In the National Capital Region, price of 99.9% pure gold was priced at Rs.35,780 per 10 grams and 99.5% gold, priced at Rs.35,610 per ounce, both falling by Rs.100. Meanwhile, silver ready gained by Rs.70, priced at Rs. 42,120 per kg and weekly-based delivery of the metal increased by almost Rs.200 to Rs.41,434 per kg.

      31 July 2019

    • Silver Price climbs by Rs.150 and gold climbs by Rs.160 amidst increased local demand

      Today, Price of silver also increased by Rs.150 to Rs.42,050 per kg due to an increased offtake by industries and coin makers. Analysts and bullion traders stressed on the increase in demand resulted in the rise in prices of the precious metals.

      Gold prices recorded an upward trend by Rs.160 to be priced at Rs.35,880 per 10 grams in New Delhi. The rise in prices was mainly attributed to a rise in fresh buying from jewellers amidst weak global cues.

      However, global trend of gold remained flat at $1,427.60 an ounce in New York ahead of the trade talks between the United States of America and China, which made investors more cautious along with the United States Federal Reserve’s meeting for further updates on rate cuts.

      Silver’s global trend was like gold at $16.54 per ounce with no movement due to various global factors.

      In New Delhi, the price of 99.9% pure gold and 99.5% pure gold rose by Rs.160 to Rs.35,880 per 10 grams and Rs. 35,710 per 10 grams respectively and Sovereign gold prices were steady at Rs.27,500 per 8 grams. The demand for silver coins increased extensively and was trading at Rs.1,000 higher at Rs.85,000 per 100 pieces for buying and Rs.86,000 per 100 pieces for selling.

      30 July 2019

    • Sluggish demand leads to gold and silver prices falling

      On Monday, gold and silver prices fell in Delhi. Gold slipped by Rs.50 to close at Rs.35,720 per 10 grams and silver fell by Rs.100 to close at Rs.41,900 per kg. These details were provided by the All India Sarafa Association.

      Gold of 99.9% purity declined by Rs.50 and gold of 99.5% purity also declined by the same amount. As mentioned earlier, prices of silver too, fell. This fall was due to reduced offtake by coin makers and industrial units. Silver coins also traded at Rs.84,000 for buying and Rs.85,000 for selling of 100 pieces.

      In the international market, gold prices were flat as investors are waiting to see what the outcome of the U.S. Federal Open Market Committee’s (FOMC) meeting will be. This meeting is to be held at the end of July.

      29 July 2019

    • Silver rates surge and gold prices hit a record high

      Amid strong local demand, silver prices surged in India and gold prices hit a record high.

      HDFC Securities Senior Analyst Tapan Patel stated that the increase in import duties on gold fro, 10% to 12.5% has increased interest in trading of gold and other precious metals.

      He also stated that silver prices have seen a steady increase on expectations of monetary easing from central banks leading to an increase in industrial demand.

      23 July 2019

    • Silver Prices Rise On Steady Spot Demand

      A rise in spot demand bolstered silver futures prices, as positive overseas cues and a fluctuating dollar rate raised local demand.

      Silver futures traded 0.98% higher at Rs.41,081 per kg after speculators raised their bets following a firm overseas trend. Silver for September delivery rose by Rs.399 to Rs.41,081 per kg in 18,411 business lots.

      Silver for December delivery also saw a significant rise in price, trading Rs.378 higher to Rs.41,790 per kg in 1,109 business lots.

      There was a marginal rise in spot silver overseas, with the metal trading 0.86% to $16.34 per ounce.

      22 July 2019

    • Gold and silver prices increase

      Gold and silver prices increased last week in Delhi.

      Gold prices increased due to increased buying from jewellers and silver prices increased due to increased offtake by coin makers and industrial units.

      The All India Sarafa Association stated that gold of 99.99% purity saw a Rs.100 increase in its price.

      Silver prices increased to Rs.38,710 per kg while silver coins were Rs.81,000 for buying of 100 pieces and Rs.82,000 for selling of 100 pieces.

      19 July 2019

    • Silver To Cost More As Govt. Increases Customs Duty

      Silver will cost more after the Union Budget 2019 was announced, with the government increasing the customs duty on silver (including silver plated with platinum or gold).

      The government has increased customs duty from 10% to 12.5% on unwrought, semi-manufactured or powder form silver. This is the second consecutive year that duty on silver has been hiked, being charged at 3% of aggregate customs duties in the 2018 Budget.

      Ahead of the Budget 2019 being announced, silver prices dropped to Rs.37,030 per kg on the futures market as traders booked profits.

      6 July 2019

    • Silver Drops on Weak Trends and Profit-Booking

      Silver prices fell as profit-booking and a weak overseas trend resulted in a decline in bullion interest. Investor interest was weak as traders awaited further direction from U.S. unemployment data regarding a possible Fed interest rate cut.

      The industrial metal traded Rs.70 lower at Rs.38,580 per kg. Weekly-based silver delivery dropped by Rs.198 to Rs.37,150 per kg as a spike in the dollar rate also deterred investors and industrial units.

      There was no change in the price of silver coins, which continued to trade at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      5 July 2019

    • Gold and Silver prices dip due to a weak overseas trend

      In New Delhi, on 4 July 2019, the price of gold dipped to Rs.32,231 per 10 grams resulting in a percentage decline of 0.04%. This was mainly due to reduced exposure of the metal in the global market.

      Various analysts have mentioned that the dip in price was a result of off-loading of positions by various participants in order to book profits. In the global market, the price of gold in the United States of America was $1,1416.70 per ounce in New York.

      Coming to Silver, the prices dropped marginally as well by 0.16%. On the same day, silver was priced at Rs.37,150 per kg in the futures trade due to weak global trends. The contracts for silver fell by Rs.60 in July on the Multi Commodity Exchange.

      The decreased prices of gold and silver were mainly due to participants off-loading their positions and weakening in global trends due to various geopolitical factors. Globally, silver was trending at a price of $15.28 an ounce in New York resulting in a low of 0.40%.

      4 July 2019

    • Silver Futures Slip on Overseas Cues

      Silver prices slid on the Multi Commodity Exchange (MCX) as speculators reduced their positions on weak overseas trends. Silver for July delivery dropped by Rs.306 or 0.82% to Rs.37,146 per kg in a business turnover of 3,489 lots.

      Delivery for September also dropped as speculators withdrew from risky positions as silver traded at Rs.37,786 per kg or 0.85% lower in a business turnover of 17,150 lots.

      The weak overseas trend was attributed to the dip in silver demand across markets, which was reflected in the spot price as well. Spot silver traded 1.02% lower at $15.19 per ounce in New York.

      1 July 2019

    • Silver Futures Drop On Weak Trends

      Silver prices dropped on weakening overseas demand, which resulted in speculators reducing their positions.

      Silver futures for July delivery fell by Rs.61 to Rs.37,481 per kg in a business turnover of 7,813 lots. There was also a dip in September deliveries, with the metal dropping Rs.45 to Rs.38,021 per kg in a business turnover of 14, 859 lots.

      On the global front, there was a marginal slide in silver prices, with the metal trading 0.06% lower at $15.29 per ounce.

      Despite the recent slide in silver performance, market uncertainty as well as ongoing geopolitical tensions could boost demand for bullion.

      28 June 2019

    • Silver Futures Gain on Spot Demand and Firm Global Trend

      Silver prices gained as a firm overseas trend led to speculators raising bets. Silver futures for July were up by Rs.175 trading at Rs.38,250 per kg in a business turnover of 12,570 lots on the Multi Commodity Exchange (MCX).

      Continuing with the incline, silver futures for September delivery also recorded a rise, climbing 0.44% or Rs.170 to Rs.38,740 per kg in a turnover of 8,646 lots.

      On the global market, silver rose by 0.45% to $15.53 per ounce as rising geopolitical tensions in the Middle East as well as fears of a global recession increased bullion’s safe-haven appeal.

      25 June 2019

    • Silver Price Rebound on Fresh Industrial Offtake

      Silver prices in Delhi surged on increased demand from industrial units and coin makers as overseas demand for bullion also saw a steady rise.

      On the international market, silver traded higher at $14.89 per ounce as fears of an escalation in the U.S.-China trade war increased demand for safe-haven bullion.

      On the local exchanges, ready silver rose by Rs.330 to trade at Rs.37,890 per kg. Weekly-based silver delivery meanwhile rose by Rs.251 to trade at Rs.36,906 per kg. Despite the rise in silver on the markets, there was no change in the price of silver coins. They continued to trade flat at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      12 June 2019

    • Silver Prices Rise on Positive Overseas Demand.

      Increased demand from industrial units and coin makers, silver prices rose by Rs.250 in trading today. The industrial metal traded at Rs.37,750 per kg as local retailers and jewellers increased their orders due to positive overseas cues.

      Despite silver falling to $14.79 per ounce in New York, the drop in the U.S. dollar rate prompted an increase in local offtake.

      The weekly-based silver delivery also saw a rise, climbing by Rs.162 to trade at Rs.36,626 per kg as investors chose to maintain their positions. There was no change in the price of silver coins, which continued to trade at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      4 June 2019

    • Rising Demand Leads to Rise in Silver Price

      A pick-up in silver offtake resulted in the metal’s prices rising in trading on Thursday, 24th May, 2019. Industrial offtake rose marginally as overseas silver demand also rose, trading at $14.53 per ounce.

      Ready silver rose by Rs.200 to trade at Rs.37,400 per kg as coin makers increased offtake at the local spot market. With regard to silver futures, profit booking saw prices drop by Rs.66 to Rs.36,234 per kg.

      Despite fluctuations in overseas demand and local offtake, silver coins remained unchanged, trading at Rs.80,000 for the sale and Rs.79,000 for the purchase of 100 pieces.

      24 May 2019

    • Silver Prices Surge on Rising Local Demand.

      Increased demand from coin makers and industrial units boosted silver prices in India, as strong overseas cues also supported the metal’s performance.

      Silver ready prices rose by Rs.230 to trade at Rs.38,750 per kg, with weekly-based delivery rising by Rs.179 to trade at Rs.37,560 per kg. There was no change in the price of silver coins, which remained at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      On the international market, silver traded marginally higher at $15.10 per ounce in New York. The rupee also contributed to the rise in bullion offtake, trading at close to Rs.70 against the dollar.

      26 April 2019

    • Decline in Industrial Demand Dents Silver Rates.

      An overall drop in silver prices dented local demand, as weak industrial offtake and falling interest from coin makers impacted the metal’s value. On the overseas market, silver fell to $15.06 per ounce as subdued demand was reflected in the price.

      Silver ready fell by Rs.145 to trade at Rs.38,425 per kg and weekly-based delivery also saw a drop of Rs.207 to Rs.37,320 per kg. Despite the drop in the metal’s trading value, silver coins remained unchanged at Rs.80,000 for the purchase and Rs.81,000 for the sale of 100 pieces.

      23 April 2019

    • Silver Falls Steeply on Weak Offtake, Trends.

      Falling demand from industrial units resulted in silver prices in Delhi plunging. Silver fell by Rs.370 to trade at Rs.39,530 per kg as coin makers also reduced orders on weak overseas trends.

      Weekly-based delivery dropped by a minimal Rs.13 to trade at Rs.38,715 per kg. There was no change in the price of silver coins, which continued to be traded at Rs.80,000 for buying and Rs.81,000 for selling of 100 pieces.

      Gold prices fell marginally, trading 0.2% lower at $1,295.81 per ounce on the international market as equity markets performed well. U.S. gold futures however dipped by 0.3% to $1,295.20 per ounce.

      Local demand for the yellow metal was in contrast to international trends, with prices rising marginally. Gold of 99.9% purity traded Rs.80 higher, closing at Rs.33,250 for 10 grams. 99.5% purity gold also rose by the same margin to trade at Rs.33,080 per 10 grams.

      11 March 2019

    • Silver Dips in Delhi On Weak Trends, Declining Industrial Demand

      Silver prices saw little movement in trading as weak overseas cues and declining industrial interest capped gains. Ready silver traded flat at Rs.39,500 per kg on the bullion market today, 6th March, 2019.

      Weekly-based silver saw a sharp rise in price, trading at Rs.38,709 per kg as the metal gained Rs.594 on rising investor interest in futures. Silver coins remained unchanged, trading at Rs.80,000 for buying and Rs.81,000 for selling 100 pieces.

      Demand for bullion has seen a slight dip as the U.S. dollar recovers from a sluggish period characterised by volatile equity markets and domestic tensions which impacted investor confidence in the economy.

      6 March 2019

    • Silver and Gold Rates in Delhi Rise on Firm Global Trends

      Gold and silver prices in Delhi rose on the futures market, supported by a firm global trend and a slight rise in the spot market.

      Gold rose Rs.20 higher on the Multi Commodity Exchange (MCX), trading at Rs.32,871 for 10 grams. A weakness in the dollar among other global currencies also positively impacted gold demand, with analysts expecting a rise in prices due to the metal becoming cheaper for non-dollar buyers.

      Silver meanwhile rose by Rs.67 to trade at Rs.39,570 per kg. An increase in industrial interest and demand from coin makers boosted silver’s price on the futures market, while spot silver saw minimal change in price.

      16 February 2019

    • Silver Falls on Weakening Investor Demand, Slow Local Offtake

      A drop in silver rates in Delhi was recorded, with weekly-based delivery falling by Rs.150 to trade at Rs.39,450 per kg. Ready silver meanwhile fell by the same margin to trade at Rs.40,650 per kg due to reduced offtake by coin makers and local industrial units.

      Gold rates also fared poorly, dropping for the fourth consecutive day as demand from local jewellers fell. Gold of 99.9% purity fell by Rs.50 to trade at 34,000 per 10 grams. 99.5% purity gold in Delhi also fell by Rs.50 to sell at Rs.33,850 per 10 grams.

      The slide in demand for the yellow metal also impacted gold sovereign prices, which fell by Rs.100 to trade at Rs.26,000 per 8-gram piece.

      On the global front, there was little movement in bullion prices with gold holding steady at just over $1,300 per ounce as a higher dollar capped gains. Uncertainty over the ongoing Sino-U.S. trade talks have also impacted sales in bullion, though analysts expect both metals to hold their prices into the next week.

      14 February 2019

    • Silver rates drop by Rs.98 per kg

      On Monday, silver rates in New Delhi were recorded lower than expected with the industrial trading at Rs.39,139 per kg owing to a decline silver futures as industries and coin makers halted purchases due to the day off in world markets. According to Multi Commodity Exchange (MCE), silver futures for March was priced at Rs.39,139 per kg - Rs.98 or 0.25% lower - in a 170 lots business turnover.

      1 January 2018

    • Slight rise in Silver price on Wednesday

      The increased purchase of gold in the domestic market helped the yellow metal rebound its price in both global and domestic markets.

      The price of silver also seen a rise with one kg metal traded at Rs. 40,860 on Wednesday, a Rs. 345 increase from the previous day.

      Price of standard gold rose by Rs. 195 and reached Rs. 30,065 per 10 grams, with pure gold also witnessing a similar margin at Rs 30,215 per 10 grams.

      15 September 2017

    • Silver Futures Rates In New Delhi Rise Due To High Overseas Demand

      Silver rates in New Delhi rose as demand for the white metal firmed overseas, with futures rising to Rs.39,880 per kg.

      Silver futures for December delivery rose by Rs.407 to trade at Rs.39,880 per kg in early trading on the Commodity Exchange for 54 lots. The 1.03% rise in price was a result of a firm global trend as the U.S. dollar fell against the basket of global currencies. The Fed’s decision to keep interest rates as they are was a major reason behind the increase in futures trade Silver futures for September 2017 also rose to Rs.39,358 per kg in 492 lots, rising by 1.02%.

      17 August 2017

    • Silver Prices In Delhi Fall On Weak Demand

      Silver prices in Delhi were on the decline today, 7th August, 2017 due to weak demand from markets. Silver price dropped by Rs.62 to trade at Rs.37,200 per kg for September delivery on the commodity exchange.

      Weak demand was cited as the reason behind the decline, with futures for December 2017 delivery also dropping to Rs.37,790 per kg, a loss of 0.15%.

      International silver prices were also poor, with the white metal trading at $16.23 per ounce in Singapore due to a strong recovery by the U.S dollar.

      7 August 2017

    • Silver Futures Rise To Rs.38,488 Per Kilo in Delhi

      The price of silver rose to Rs.38,488 per kg on 27th July, 2017 as higher global trend led to an increase in demand.

      The white metal rose by Rs.397 per kg in a single day of trading in Delhi for September 2017 delivery for 1,330 lots.

      With the U.S. dollar falling after the U.S. Federal Reserve’s position on slowing down monetary tightening, demand for bullion increased.

      31 July 2017

    • Silver Futures Fall On Weak Demand

      Silver futures fell to Rs.41,954 per kg due to a reduction in speculator bets on 31st march, 2017. The price fell by Rs.193 per kg for delivery in May at the Multi Commodity Exchange on 31st March, 2017.

      Delivery for July 2017 also fell by Rs.159 per kg to trade at Rs.42,420 per kg in a turnover of 6 lots.

      Profit-booking at current rates and a weak overseas trend were cited as the main reasons for the drop in price.

      Silver prices on the international markets were also low due to reduced offtake.

      31 March 2017

    • MCX outlook for gold and silver “sideways to bullish”

      The current outlook (intraday) for Gold futures trading at the MCX (Multi Commodity Exchange) in India seems sideways to bullish, intraday support of 28200 has been noted for MCX gold with an April delivery date. Intraday resistance, however, is expected around the range of 29600. Silver, too, shows signs of moving the same way as gold in the MCX. MCX Silver for delivery in March has intraday support of 37000, and resistance has been expected at 37620.

      Concerns about the global economy and eventual financial volatility are holding the US Federal Reserve away from hiking US interest rates, encouraging support for the yellow metal which held steady at $1,230 (ounce) on Friday.

      19 Febuary 2016

    • With weak global trends, gold futures dip 0.8%

      With the global markets in a disarray and demand also being muted, gold futures have taken a dip by 0.8%. The price of gold being on the rise and the dollar also dropping, the precious metal are proved to be a safe-haven, forcing the future to drop. Even silver prices fell by another Rs. 278 amounting to Rs. 36,810 for a kilogram in futures trade today. The prices then picked up with the industrial units offtake, by Rs. 305 taking the price of silver to Rs. 37,515 per kilogram.

      16 Febuary 2016

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.