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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 rates 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.
Trend of Silver Rate in Delhi for October 2016 (rates per Kg)
|1st Day||Rs.45,900 per kilogram|
|Last Day||Rs.43,035 per kilogram|
|Highest Price||Rs.45,900 per kilogram on 1st and 2nd October|
|Lowest Price||Rs.41,685 per kilogram on 7th October|
October 2016 – Week 1 and 2 (1st to 9th)
- Silver traded at Rs.45,900 per kilogram at the start of the week.
- Prices of silver declined this week as the market overseas was bearish.
- By 9th October, silver was trading at Rs.41,800 per kilogram.
- The drastic drop could be attributed to rising expectations of the interest rate hike by the U.S. Federal Reserve.
- Retailers and jewellers anticipated demand picking up during the festive season.
October 2016 – Week 3 (10th to 16th)
- Silver traded at Rs.42,600 per kilogram on 10th October, a slight improvement from last week’s fall.
- The boost in silver rates was short lived as prices started to fall again.
- Coin makers and industrialists reduced their offtake.
- By the end of the week, silver was trading at Rs.41,780 per kilogram.
- Low demand was a result of a gloomy global market in which investors were reluctant.
October 2016 – Week 4 (17th to 23rd)
- On 17th October, silver prices were down as expectations of the Fed rate hike increased.
- Demand slowly picked up through the week as market trends turned positive.
- On 22nd and 23rd October, silver was trading at Rs.42,130 per kilogram.
- The boost in demand could be attributed to the wedding season in the domestic market.
October 2016 – Week 5 (24th to 31st)
- This week, silver traded in the range of Rs.42,000 to Rs.43,000 per kilogram.
- There wasn’t an increase in demand as expected but silver managed to trade at a steady pace.
- On 24th October, the price of silver was Rs.42,330 per kilogram.
- Silver prices climbed on account of increased offtake by coin makers and industrial units.
- The highest price for the metal this week was achieved on 31st October with silver trading at Rs.43,035 per kilogram.
- Demand is expected to grow in the domestic market with the wedding season blossoming.
|1st Day||Rs.45,225 per kilogram|
|Last Day||Rs.45,750 per kilogram|
|Highest Price||Rs.47,820 per kilogram on 7th September|
|Lowest Price||Rs.45,225 per kilogram on 1st September|
September '16 - Week 1 (1st to 4th)
- Silver opened at Rs.45,225 per kilogram.
- Due to constant demand from the domestic market, silver prices increased slightly by Rs.435 per kilogram and traded at Rs.45,610 per kilogram on the second day of the week.
- Silver further rose and closed at Rs.46,760 per kilogram on 04th of September.
September '16 - Week 2 (5th to 11th)
- There was a slight decrease in prices on 06th of September when silver traded at Rs.46,695 per kilogram.
- However, investors put aside Fed rate hike speculations and increased their sliver intake which increased silver prices in the capital city on 07th of September when silver traded at Rs.47,820 per kilogram which is also the highest silver rate recorded in the month.
- Silver prices managed to reduce gradually throughout the second half of the week due to poor demand from the local spot markets.
- Silver closed at Rs.46,835 per kilogram on 11th of September.
September '16 - Week 3 (12th to 18th)
- Silver prices dropped and traded at Rs.45,715 per kilogram on 12th September.
- Despite poor trend aboard, silver prices managed to avoid major fluctuations as demand from local market poured in.
- Silver traded at Rs.45,825 per kilogram on 15th September which is the highest silver rate recorded for this week.
- Silver prices closed at Rs.45,320 per kilogram which is also the lowest rate at which silver traded this week.
September '16 - Week 4 (19th to 25th)
- Silver prices increased on the first day of the week when it traded at Rs.46,110 per kilogram.
- As demand from jewellers and coin makers increased, silver prices rose and traded at Rs.47,590 per kilogram on 22nd September.
- Silver rates drifted slightly to Rs.47,535 per kilogram on 23rd September and settled at the same price till the end of the week.
September '16 - Week 5 (26th to 30th)
- Silver prices further drifted to Rs.46,950 per kilogram on 26th September.
- As Fed rate hike speculation began again, silver prices fell and traded at Rs.46,505 per kilogram on 27th September.
- Silver prices drifted and closed at Rs.45,750 per kilogram.
|Highest Price||Rs.49,670 per kilogram on 3rd August|
|Lowest Price||Rs.44,805 per kilogram on 29th August|
August '16 – Weeks 1 (1st to 7th)
- Silver traded high at Rs.49,430 on 1st August.
- The month started strong on account of a weak dollar.
- Prices fluctuated through the week as there were fluctuations in the equity market as well.
- Silver hit the highest rate for the month of August on 3rd August at Rs.49,670 per kilogram.
- Prices dropped to Rs.47,255 per kilogram by the end of the week.
August '16 – Week 2 (8th to 14th)
- Initially, prices rose slightly to Rs.47,460 per kilogram on 8th August.
- An increase in domestic demand led to silver trading at Rs.48,595 per kilogram, the highest for the week, on 10th August.
- Silver rates slipped but maintained a stable rate of Rs.47,750 per kilogram by the end of the week.
August '16 – Week 3 (15th to 21st)
- Silver prices declined through the week due to a strong dollar coupled with a reduced offtake by industrialists.
- Silver traded at Rs.47,750 per kilogram on 15th August.
- Silver rates soon slipped to Rs.46,690 per kilogram by the end of the week as expectations of a Fed rate hike grew strong.
August '16 – Week 4 (22nd to 28th)
- The declining trend continued into the fourth week of August as the U.S. economic data was strong.
- Silver traded at Rs.45,800 per kilogram on 22nd August.
- Silver received some support in the domestic market from industrialists, jewellers and coin makers.
- Prices fell to Rs.45,040 per kilogram by the end of the week.
August '16 - Week 5 (29th to 31st)
- On 29th August, the lowest rate for silver was recorded for the month at Rs.44,805 per kilogram.
- The steep fall can be attributed to the growing speculations of an interest rate hike by the U.S. Federal Reserve.
- Demand in the domestic market was down and silver closed the month at Rs.45,460 per kilogram.
|July 1st Rate||Rs.46,490 per 1 kg|
|July 31st Rate||Rs.48,970 per 1 kg|
|Highest Rate in July||Rs.49,745 per 1 kg on 11th of July|
|Lowest Rate in July||Rs.46,490 per 1 kg on July 1st|
July'16 - Week 1 and 2 (1st to 10th)
- Silver traded at Rs.46,490 per 1 kg on the 1st of July.
- The price of silver rose to Rs.48,965 per kg on the 4th of July.
- Silver hit a whooping Rs.49,265 per kg on the 7th of July.
- Silver closed at Rs.49,745 per kg on the 10th of July.
July'16 - Week 3 (11th to 17th)
- Silver traded at Rs.49,745 per kg the 11th of July.
- The price steadily climbed up to Rs.49,235 per kg on the 12th of July.
- Silver witnessed a decline as prices dropped down to Rs.48.840 per kg on the 16th of July and remained the same on the 17th.
July '16 - Week 4 (18th to 24th)
- Silver opened the week at Rs.48,360 per kg on 18th of July.
- Prices dropped down to to Rs.46,665 per kg on the 21st of July.
- Silver price increased to Rs.47,880 per kg on the 22nd of July.
- The precious metal closed the week at 47,420 per kg on the 24th of July.
July‘16 - Week 5 (25th to 31st)
- Silver traded at Rs.47,595 per kg on the 26th of July.
- The price of silver dropped down by Rs.220 on the 27th of July at Rs. 47,375 per kg.
- Silver hit Rs.48,785 per kg on the 29th of July.
- Silver closed the month at Rs.48,970 per kg on the 31st of July.
|June 1st Rate||Rs. 38,640 per 1 kg|
|June 30th Rate||Rs. 44,635 per 1 kg|
|Highest Rate in June||Rs. 44,635 per 1 kg for 1 kg for 30th June|
|Lowest Rate in June||Rs. 44,635 per 1 kg on June 1st|
Jun'16 - Week 1 (1st to 4th)
- Silver trade at Rs. 38, 640 per 1 kg on the 1st of June.
- Silver price rose by Rs.185 per kg on the 2nd of June at Rs. 38,825 per kg.
- Silver traded at Rs.39,755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- There was no change in Silver prices on 5th as it traded at Rs. 39,755 per kg.
- The price of silver came down by Rs.65 from Rs. 39,755 per kg to Rs. 39,690 per kg on the 6th of June.
- Silver witnessed a further decline as prices dropped down to Rs. 39,585 per kg on the 8th of June.
- Prices steadily increased over the week and silver traded at Rs.41,510 per kg on the 11th of June.
Jun'16 - Week 3 (12th to 18th)
- Silver traded at Rs.41,510 per kg with no change in the price on 12th of June.
- The price steadily climbed up to Rs.41,935 per kg on the 14th of June.
- Silver hit the highest for the week on the 16th of June at Rs.42,985 per kg.
- Silver closed the third week of June at Rs.42,235 per kg on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver opened the week at Rs.42,235 per kg on 19th of June.
- Prices shot up to Rs.42,405 per kg on the 21st of June.
- Silver price dropped down to Rs.42,020 per kg on the 22nd of June.
Jun'16 - Week 5 (26th to 30th)
- Silver traded at Rs.43,465 per kg on the 26th of June.
- The price of silver dropped down by Rs.55 on the 27th of June at Rs. 43,410 per kg.
- Silver hit Rs.43,980 per kg on the 29th of June.
- Silver closed the month at Rs.44,635 per kg on the 30th of June.
|1st May rate||Rs. 42,590|
|31st May rate||Rs. 39,065|
|Highest rate in May||Rs. 42,675 on 2nd May|
|Lowest rate in May||Rs. 38,795 on 30th May|
May '16 - Weeks 1 and 2 (1st to 8th)
- Silver prices started off the month strong, trading at Rs. 42,590 per kg on the 1st and at Rs. 41,875 on the 8th of May.
- Strong demand from international markets pushed prices up by Rs. 85 on the 2nd of May, but prices dropped again on the 3rd as demand evened out.
- The weak Dollar and unstable financial markets contributed to silver demand staying stable, with a few minor fluctuations.
- Prices fell on the 6th of May by Rs. 240 on bullish demand but stabilised over the rest of the week.
- The prices were constant for the rest of the week, trading only slightly lower than the beginning of the month.
May '16 -Week 3 (9th to 15th)
- Silver prices fell at the start of the week and dropped during the rest of the week due to domestic demand being weak.
- Silver traded at Rs. 41,725 on the 9th of May, a fall of Rs. 100 from the previous week due to sluggish demand.
- The prices continued to mid-week, with silver trading at Rs. 40,890 due to lowered demand from industrial units.
- The Dollar weakened slightly, which spurred trading in silver and prices rose by Rs. 530 per kg on 11th of May.
- Prices steadied the rest of the week, trading at Rs. 41,255 per kg on the 15th of May.
May '16 - Week 4 (16th to 22nd)
- The price of silver rose towards the start of the month but dropped again as demand slackened due to speculation regarding the interest rate hike by the U.S. Federal Reserve.
- Silver retailed at Rs. 41,255 on the 16th of May and rose by Rs. 290 per kg on the 17th of May.
- Prices dropped slightly over the rest of the week as the U.S. Dollar grew stronger against other global currencies, making silver cost more.
- Silver ended the week at Rs. 40,135 per kg, a drop of Rs. 1,020 per kg from the start of the week.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Silver prices fell over the course of the week, hitting the lowest price of the month as strong data on the U.S. manufacturing industry boosted the Dollar.
- Silver traded at Rs. 40,060 per kg on the 23rd of May, as the stock markets rallied and the Dollar strengthened.
- The price of silver fell sharply in the next few days as global markets rallied, further bringing down the price of silver.
- Silver traded at Rs. 39,065 per kg on the 31st of May.
|April 1st Rate||Rs.36,780|
|April 30th Rate||Rs.42,590|
|Highest Rate in April||Rs.42,690 on the 29th of April|
|Lowest Rate in April||Rs.36,000 on the 4th of April|
|Overall Performance||Gain / Positive|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Silver rates were on the decline during the first four days of trading after which they began picking up and remained consistent for the remainder of the ten-day period.
- Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
- Prices became stable towards the end of the week thanks mainly to firming international and domestic cues in addition to increase in industrial demand and higher offtake.
Apr ‘16 - Week 3 (11th to 17th)
- Silver rates recorded a steady increase during the third week of the month.
- Prices were recorded at Rs.37,115 on the first day of the week and Rs.39,110 by the end of the seven-day period.
- Prices rose by almost Rs.2000 over the third week of trading, demonstrating a significant increase as domestic and global cues strengthened amidst a rise in industrial demand.
Apr ‘16 - Week 4 (18th to 24th)
- Silver rates fluctuated during the fourth week of April, but increased overall over the course of the week.
- Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
- The increase in price was more than Rs.2200 during the seven-day period, making the penultimate week of trading record the highest gains this month.
Apr ‘16 - Week 5 (25th to 30th)
- Silver rates increased for most parts of the week, with marginal losses on certain days not causing too much of a disruption in trends.
- Prices were recorded at Rs.40,810 on the first day of the week and Rs.42,590 on the last day of the month.
|1st March rate||Rs.37,005|
|31st March rate||Rs.36,495|
|Highest rate in March||Rs.38,640 on 18th|
|Lowest rate in March||Rs.36,455 on 29th|
Mar'16 - Week 1 (1st to 6th)
- Silver prices were down during the start of March.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Rates were stable from 3rd onwards at Rs.36,640.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
Prices were marginally up in the 2nd week.
- Rates were Rs.37,695 on 7th and Rs.37,710 on 13th.
- There was minimal fluctuations as silver closed the week Rs.15 higher than week starting rates.
Mar'16 - Week 3 (14th to 20th)
- Silver gained Rs.215 in the 3rd week.
- Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
- Silver appreciated to Rs.38,640 during this week, the highest rate this month.
Mar'16 - Week 4 (21st to 27th)
- There were drop in rates during the 4th week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- Prices rose on 22nd before declining over the rest of the week to end Rs.1,245 lower.
Mar'16 - Week 5 (28th to 31st)
- Silver prices declined in the last week of the month.
- Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
|1st February rate||Rs.34,970|
|29th February rate||Rs.36,295|
|Highest rate in February||Rs.38,640 on 12th|
|Lowest rate in February||Rs.34,970 on 1st|
Week 1 (1st to 7th)
- Silver prices improved in the first week of February.
- Rates were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Silver was trading positively all through the week, gradually rising to a high of Rs.36,925 by 7th.
Week 2 (8th to 14th)
- Silver was positive again in the second week.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Silver rates declined till 11th before rising substantially on 12th to Rs.38,640 and settling at Rs.38,525 for the week.
Week 3 (15th to 21th)
- Silver rates appreciated by Rs.710 in this week.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver mostly traded in the positive for the week except for the odd day when prices fell marginally.
Week 4 (22nd to 29th)
- Silver prices fell for the first time on a weekly basis this month.
- Prices were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Prices declined gradually all over the week before dropping substantially on 29th to fall to Rs.36,295.
4 th January rate
31 st January rate
Highest rate in January
Rs.35,565 on 28th
Lowest rate in January
Rs.33,295 on 13th
Jan '16 - Week 1 (4 th to 10 th )
Silver gained value in trading sessions in the 1st week of January.
Rates were Rs.33,230 on 4th and Rs.33,865 on 10th.
Silver appreciated to a high of Rs.34,220 on 8th before settling at Rs.33,865 to end the week.
Jan '16 - Week 2 (11 th to 17 th )
Silver rates rose again in the 2nd week.
Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.
Silver dropped to Rs.33,295 on 13th but rallied to Rs.34,220 on 14th and then settled at a slightly higher Rs.34,335 for the rest of the week.
Jan '16 - Week 3 (18 th to 24 th )
Prices of silver appreciated in the 3rd week.
Prices were Rs.34,115 on 18th and Rs.34,425 on 24th.
Silver gained value to rise to Rs.34,800 on 21st but lost some of the value on the next day as prices settled at Rs.34,425.
Jan '16 - Week 4 (25 th to 31 st )
Silver continued its gains on the back of increased industrial offtake and greater demand for coins.
Prices were Rs.34,435 on 25th and Rs.34,930 on 31st.
Silver rose to the monthly high of Rs.35,565 on 28th and settled at Rs.34,930 to end the month.
|Highest rate in December||Rs.35,050 on 5th and 6th|
|Lowest rate in December||Rs.33,050 on 18th|
- Silver Rates appreciated in the 1st week of December.
- Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
- Silver first lost value this month when it dropped to Rs.33,660 on 3rd.
- Prices appreciated from then on and breached 35,000-mark for the first time this month on 4th when silver was trading at Rs.35,050.
- Prices fell marginally on 7th to Rs.35,015.
- Silver Rates depreciated in the 2nd week.
- Rates were Rs.34,415 on 8th and Rs.33,670 on 14th.
- Prices this week were mostly stable around Rs.34,000, but fell on 14th to Rs.33,670 to end the week on a negative note.
- Silver Rates were up in the 3rd week again.
- Prices were Rs.33,230 on 15th and Rs.33,900 on 21st.
- The third week turned out to be stable for silver as prices stayed in the range of 33,000-34,000 all through the week.
- Silver dropped marginally in the last days of December.
- Prices were Rs.34,020 on 22nd and Rs.33,405 on 31st.
- Silver traded in the positive or neutral till 26th when it was priced at Rs.34,055.
- Prices appreciated marginally to Rs.34,275 on 27th before losing the gains and ending almost Rs.600 lower than 34,000 at Rs.33,405 on 31st.
|1st November rate||Rs.37,300|
|30th November rate||Rs.33,940|
|Highest rate in November||Rs.37,300 on 1st, 2nd and 3rd|
|Lowest rate in November||Rs.33,940 on 30th|
- Silver Rates were lower in the 1st week of November.
- Prices were Rs.37,300 on 1st and Rs.35,800 on 7th.
- Silver was stable in the first 3 days before trading in negative on 4th, 5th and 7th to drop to Rs.35,800 by the end of the week.
- Silver Rates dropped again in the 2nd week.
- Rates were Rs.35,800 on 8th and Rs.34,665 on 14th.
- Prices crossed 36,000 mark on 9th to touch Rs.36,100 but lost the gains on the next day to drop to Rs.35,410.
- Silver further fell on 11th and 12th to stabilize at Rs.34,655 for the rest of the week.
- Silver Rates declined in the 3rd week again.
- Prices were Rs.34,665 on 15th and Rs.34,100 on 21st.
- Prices were stable throughout the week with only one negative session on 18th that brought rates down to Rs.34,100 and ended the week at the same level.
- Silver dropped marginally in the last days of November.
- Prices were Rs.34,025 on 22nd and Rs.33,940 on 30th.
- Silver appreciated on 26th and 27th to breach 34,300 mark but dropped back to Rs.34,090 on 28th and again to Rs.33,940 on 30th.
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 2015.
Price for silver 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 23rd February. 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 reaching a peak of Rs.43,336 on 18th May. Price per kg of silver on 16th June was Rs.39,746.
Also Check Silver Price in NearBy Cities of Delhi
|Silver Rate in Chandigarh||Silver Rate in Indore||Silver Rate in Jaipur|
|Silver Rate in Pune||Silver Rate in Ahmedabad||Silver Rate in Nagpur|
|Also Know: Gold Rate in Delhi|
Read more on Silver
- Interesting Facts About Silver
- Silver’s Industrial Demand
- Why Buy Silver?
- Silver Bars And Coins Investments
- Silver Jewellery In India
- Silver Price in COMEX
News About Silver Rate in Delhi
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.
19th 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.
16th Febuary 2016
Higher Demand from Jewellers Hikes Gold Prices by Rs. 85
Standard gold prices in the bullion market on Thursday increased by Rs. 85 to Rs. 26,380 for 10 gram, following a rise in demand from jewellers. This is the second consecutive day that gold prices are showing a rise in India amid weak global market growth.
A similar rise was seen for pure gold of 99.9 purity, to close at Rs. 26,530 per 10 gram from Rs. 26,445 earlier.
Prices of gold in the global market fell because of the slowdown from a tentative bounce-back in European equities.
Silver prices, meanwhile, fell because of lower demand and speculative sales.
22nd January 2016
Gold slips again at the bullion market
The price of gold slipped by Rs 210 per 10 grams at the bullion market, tracking a weak global trend amid low demand from jewellers and retailers. Standard gold (99.5 purity) rates dropped by Rs 210 and ended at Rs 25,795 per 10 grams from yesterday's price of Rs 26,005.
Rate of pure gold (99.9 purity) fell by similar margin of Rs 210 to close at Rs 25,945 per 10 grams compared to yesterday’s Rs 26,155.
Spot gold was priced at $1,094.20 an ounce in early trade, with a slight change from late on Monday. The rate of US gold futures for February delivery slipped to $1.80 an ounce at $1,094.40.
13th January 2016
Silver Futures Witness a Rise of Almost Rs 98
The prices of Silver saw a marked increase of close to Rs 98 to stand at Rs 33,433 per Kg of the precious metal at the futures trade. This was due to participants raising their bets after witnessing a firm global trend. Silver slated for delivery in March was up by Rs 98 to Rs 33,433 per kg which is a 0.29% increase.
The delivery for the far month of May also saw an increase of 0.27% or Rs 90 to stand at Rs 33,857per Kg. The rise in prices come after a firm global trend that saw breakdown of diplomatic ties between Saudi Arabia and Iran. This increase in tension in the Middle East saw silver and other precious metals performing consistently while the dollar weakened
In Singapore, Silver traded higher by 0.33% and stood at $13.88 an ounce
5th January 2016