Silver Prices Drop Below ₹2 Lakh Mark in Chennai, Hyderabad Markets
New Delhi, December 5 (Udaipur Kiran). The domestic bullion market witnessed a slight weakness in silver prices today, with the precious metal declining by just ₹100 per kilogram. Due to this weakness, silver has once again fallen below the ₹2 lakh per kilogram level in Chennai and Hyderabad markets.
Silver is currently trading between ₹1,87,700 per kilogram to ₹1,95,900 per kilogram across different bullion markets in the country. In Delhi, silver prices slipped to ₹1,90,900 per kilogram today. Similarly, in Mumbai, Ahmedabad and Kolkata, silver is trading at ₹1,90,700 per kilogram.
In Jaipur, Surat and Pune, silver is holding at ₹1,91,000 per kilogram level. Meanwhile, in Bengaluru, silver is trading at ₹1,91,200 per kilogram, while in Patna and Bhubaneswar it is at ₹1,90,800 per kilogram. The highest silver prices in the country are still in Chennai and Hyderabad, where the precious metal has slipped from the ₹2 lakh level to ₹1,99,900 per kilogram today.
Rajiv Datta, CEO of Capex Gold and Investments, says that despite today’s decline in silver prices, there is still a possibility of strength coming in. In the international market, silver prices have consistently remained above $55 per ounce. Even today, this precious metal is trading at $58.57 per ounce level in the international market.
Due to increasing industrial demand, its price may reach $63 to $65 per ounce in the coming days. However, small investors should carefully plan their investment strategy during the current period of volatility.
(Udaipur Kiran) / Yogita Pathak
Deependra Singh Chundawat is a Senior Sub-Editor at Udaipur Kiran, specializing in a wide range of technology topics including mobile phones, applications, gaming, PCs, and wearables. Along with covering the latest tech news, he also creates engaging web stories. Passionate about emerging technologies, he stays up to date with the newest trends and enjoys reading and writing about the latest mobile launches and digital innovations.
