New Delhi, 19 November (Daily Kiran). Silver prices continued to decline for the third consecutive day in the domestic bullion market. On Tuesday, the metal saw a sharp fall ranging between ₹3,000 and ₹5,000 per kilogram, bringing fresh relief to buyers but concern for short-term investors. Following today’s drop, silver is trading between ₹1,68,700 and ₹1,69,900 per kg in various bullion markets across the country.
In Delhi, silver slipped to ₹1,61,900 per kg. Likewise, Mumbai, Ahmedabad and Kolkata are witnessing prices around ₹1,61,700 per kg. In Jaipur, Surat and Pune, silver is holding at ₹1,62,000 per kg, while Bengaluru is recording prices near ₹1,62,200 per kg. Patna and Bhubaneswar are trading slightly lower at ₹1,61,800 per kg.
Chennai and Hyderabad continue to record the highest silver prices in India, with the metal now at ₹1,69,900 per kg.
Bullion market expert Mayank Mohan said that the recent dip is primarily due to a slowdown in industrial demand in the international market. This weakness has directly impacted domestic prices. However, he added that global indicators point to a rise in industrial demand by the end of December, which could push silver prices upward again in the coming weeks.
He advised small investors to remain cautious. With ongoing volatility in the bullion market, improper planning could result in unexpected losses, he warned.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.