Silver Rate in Visakhapatnam _{Last Updated : 25 May 2022}

News About Silver Rate in Visakhapatnam

• Silver trading at Rs.65,600 per kg

  On Monday, a kilo of silver was trading at Rs.65,600 per kg. There was no change in the price of the white metal when compared to yesterday’s trading price. The price of 24-karat gold recorded a slight increase of Rs.10 on Monday and was trading at Rs.47,660 in Mumbai. In the other metropolitan cities, i.e., Delhi, Kolkata, and Chennai consumers were required to shell out Rs.51,170, Rs.49,710, and Rs.47,660 for every 10 grams. The price of 10 grams of 22-karat gold in New Delhi and Mumbai was Rs.46,910 and Rs.46,660 respectively. In India, the price of gold jewellery varies due to factors like excise duty, state taxes, and making charges.

  25 October 2021

• Silver prices unchanged in India on 21 September 2021

  The prices of silver in India remained unchanged on 21 September and were at Rs.60,000 for a kg. Unlike silver, gold prices also fell in India on 21 September. Gold rates fell by Rs.260 and were at Rs.46,130 for 10 grams. Gold jewellery prices in India are different in every state and depend on the making charges, state taxes, and excise duty. The prices of 22-carat gold in Delhi, Mumbai, and Chennai are at Rs.45,450, Rs.45,130, and Rs.43,600 for 10 grams, respectively. The prices of 24-carat gold in Delhi, Mumbai, and Chennai are at Rs.49,580, Rs.46,130, and Rs.47,560 for 10 grams, respectively.

  21 September 2021

• Indian spot gold rate and silver price today

  Price of gold trading at Rs.47,190 dropped and also has been lower than the average gold price by 0.22%.

  In the global markets, the price of gold grew 0.18% to $1816.7 per Troy ounce. The value of silver also dropped 0.06% to $25.2 per Troy ounce.

  The price of platinum went up by 0.05% to $1078.0 per Troy ounce. Meanwhile in India, gold traded at Rs.47,161 per 10 gram on MCX, with a change of Rs.51.9.

  On MCX, gold futures prices in India rose 0.11% to Rs.47161 per 10 gram. On MCX, silver futures increased nearly 0.19% to the price level of Rs.62145 per kg.

  23 August 2021

• On Multi Commodity Exchange, silver futures grew nearly 1.78 percent on Monday

  The price of silver shot up by Rs.1239.9 per kilogram on Monday. The increase recorded in the Multi Commodity Exchange (MCX) saw a kilogram of the white metal cost Rs.69,270. Globally, silver price plunged by 2.18 percent and was trading at $26.1 per troy ounce.

  Gold price also recorded an incline in the country on Monday. 10 grams of the precious metal cost Rs.46,811 on the MCX after recording a jump of 0.12 percent. Spot gold price also increased by 56.2 and stood at Rs.47,170. In the international market, gold futures were up by 0.45 percent and was trading at $1779.7 per troy ounce. The price was 2.25 percent higher than the average gold price observed in the past 30 days.

  28 June 2021

• Indian spot gold rate and silver price

  The price of spot gold remained unchanged yesterday at Rs.48680 and was on par with the average gold price observed this week which is Rs.48874.3.

  In international markets, price of gold fell by 0.14% to $1885.5. Prices of silver also dropped 0.27% to $27.7.

  The cost of platinum also slumped 0.65% to $1144.5. In India, the cost of gold was priced at Rs.48,766 per 10 gram on MCX. The price of 24 karat gold in the Indian spot market was recorded to be at Rs.48,680.

  10 June 2021

• Silver futures fall by 0.8 percent on Friday

  On the Mutli Commodity Exchange (MCX), the futures of the white metal fell by 0.8 percent to cost Rs.71.748 per kg. In the international market, silver rates edged lower and an ounce cost $27.72 after recording a fall of 0.1 percent.

  Gold price was also under pressure today amid a drop in global rates. On the MCX, the futures of the yellow metal were down by 0.4 percent. The drop which was the third fall in four days saw 10 grams of gold cost Rs.48,358. Globally, spot gold was down by 0.2 percent and was trading at $1,872.21 per ounce. Among other precious metals, platinum edged up by 0.4 percent and was trading at $1,200.57.

  21 May 2021

• Yellow metal falls close to Rs.47,000; silver cheaper by Rs.700

  The price of gold and silver dropped as investors kept a close eye on the policy cues by the Federal Reserve and rise in US treasury yields.

  Gold futures dropped 0.39% or Rs 186 at Rs.47,117 per 10 grams. The cost of silver slipped 1.04% or Rs.730 to Rs.69,470 per kg.

  In the spot market, price of gold in New Delhi on Monday dropped Rs.81 to Rs.46,976 per 10 gram due to rise in the value of rupee. Silver also fell Rs.984 to Rs.67,987 per kg. Spot gold slipped 0.5% at $1,767.76 per ounce. U.S. gold futures dropped 0.5% at $1,770.00 per ounce. The value of Palladium fell 0.6% to $2,924.12 per ounce. The cost of Silver slipped 0.9% to $26.00 per ounce. Platinum dipped 1% at $1,216.75.

  29 April 2021

• Silver rate up by Rs.206; gold prices incline

  Gold prices increased by Rs.159 to Rs.46,301 per 10 grams on 15 April after recovery was seen in the international price of the metal. The precious metal had closed its previous session at Rs.46,142 per 10 grams.

  Silver prices also were at Rs.67,168 per kg, inclining by Rs.206 compared to its previous closing price of Rs.66,962 per kg. In the international market, gold prices were trading green at $1,745 per ounce while silver showed a flat trend at $25.52 per ounce.

  According to sources, the price of gold and silver increased due to a decline in the dollar value in the market.

  16 April 2021

• Silver rates jump in the Visakhapatnam on Monday

  Silver prices in the Visakhapatnam edged higher on Monday. On the Multi Commodity Exchange (MCX), the rates jumped up by 1.43 percent to cost Rs.75,220 per kg. In the global market, silver rates eased by 0.1 percent to cost $28.28 per ounce.

  The price of the yellow metal also climbed. On the MCX, October gold futures were up 0.46 percent and cost Rs.55,040 for every 10 grams. Gold prices in the country have shot up by more than 40 percent this year. In the international market, the price of the bullion was steady. Spot gold was trading $2,333.40 per ounce. It must be noted here that the holdings of SPDR Gold Trust fell by 0.46 percent to 1,262.12 tonnes on Friday.

  10 August 2020

• Silver and gold prices holding steady in the international market

  Gold prices increased to Rs.48,190 per kg compared to Rs.47,960 per 10 grams on Tuesday according to various reports. In the National Capital Region, the price of 22-karat gold was holding steady at Rs.47,000 per 10 grams while in Chennai it is Rs.46,290 per 10 grams. In Mumbai, 22-karat gold was priced at Rs.46,600 per 10 grams.

  On the Multi Commodity Exchange, gold futures for August increased marginally by 0.01% to Rs.47,944 per 10 grams and silver futures dipped by 0.28%. Trade tensions between China and the United States of America eased after China plans to accelerate the purchases of American farm goods to be complacent with the Phase-1 trade deal.

  The price of gold increased by 1% to set a record high on 22 June due to escalating geopolitical tensions between China and India and increasing to COVID-19 cases. Due to dipped risk appetite, gold prices continued to incline with a record incline in COVID-19 cases in the country. With the economy taking longer than expected to recover, demand for the safe-haven metal inclined.

  24 June 2020