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Silver Price Today: Silver prices are witnessing a sluggish trend today. In Delhi, the price of one kilogram of silver has dropped by ₹100, bringing it to ₹2,59,900. In other major metropolitan cities, it is trading at the same price in Mumbai and Kolkata. However, the price in Chennai stands at ₹2,64,900, making it the most expensive among the four major metros.

Meanwhile, before the market opening today, silver futures on the Multi Commodity Exchange (MCX) fell by 0.03%—a decline of ₹78—to ₹2,40,573 per kilogram. In the previous trading session, silver had closed at ₹2,40,651 per kilogram. Check the latest silver rates in your city before making a purchase.

City    10g Silver    100g Silver    1kg Silver
Delhi    ₹2,599         ₹25,990    ₹2,59,900
Mumbai    ₹2,599    ₹25,990    ₹2,59,900
Kolkata    ₹2,599     ₹25,990    ₹2,59,900
Chennai    ₹2,649    ₹26,490    ₹2,64,900
Patna    ₹2,599        ₹25,990    ₹2,59,900
Lucknow    ₹2,599    ₹25,990    ₹2,59,900
Meerut    ₹2,599      ₹25,990    ₹2,59,900
Ayodhya    ₹2,599    ₹25,990    ₹2,59,900
Kanpur    ₹2,599     ₹25,990    ₹2,59,900
Ghaziabad    ₹2,599    ₹25,990    ₹2,59,900
Noida    ₹2,599       ₹25,990    ₹2,59,900
Gurugram    ₹2,599     ₹25,990    ₹2,59,900
Chandigarh    ₹2,599    ₹25,990    ₹2,59,900
Jaipur    ₹2,599    ₹25,990    ₹2,41,000
Ludhiana  ₹2,599    ₹25,990    ₹2,59,900
Guwahati    ₹2,599    ₹25,990    ₹2,59,900
Indore    ₹2,599     ₹25,990    ₹2,59,900
Ahmedabad    ₹2,599    ₹25,990 2,59,900
Vadodara    ₹2,599    ₹25,990    ₹2,59,900
Surat         ₹2,599    ₹25,990    ₹2,59,900
Pune       ₹2,599    ₹25,990    ₹2,59,900
Nagpur    ₹2,599    ₹25,990    ₹2,59,900
Nashik    ₹2,599    ₹25,990    ₹2,59,900
Bangalore    ₹2,599    ₹25,990    ₹2,59,900
Bhubaneswar    ₹2,599    ₹25,990    ₹2,59,900
Raipur        ₹2,599    ₹25,990    ₹2,59,900
Hyderabad    ₹2,599    ₹25,990    ₹2,59,900

Silver futures price on Thursday

Silver prices in futures trading remained almost steady with a marginal decline, settling at ₹2,39,607 per kg on Thursday, as traders reduced their positions amidst weak spot demand. On the Multi Commodity Exchange, the price of silver for September delivery fell by ₹31 (0.01 percent) to ₹2,39,607 per kilogram.

Meanwhile, in the global market, the price of silver in New York dropped by 0.35 percent to $68.35 per ounce. Market experts attributed the marginal decline in silver futures prices to selling by traders.

Market eyes Fed Chairman's speech

The bullion market is now focused on the speech by Kevin Warsh, a member of the US Federal Reserve Board (often referred to in the context of Fed leadership), scheduled for August 28 at Jackson Hole. This could provide some indications regarding the Fed's monetary policy. Analysts say that the Fed's policy concerning inflation and interest rates will first impact the dollar and bond yields, and subsequently affect the prices of gold and silver.