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Silver prices saw a slight decline today. On the MCX, silver futures fell by 0.37%—or ₹884—to settle at ₹2,35,170 per kilogram. In the previous trading session, it had closed at ₹2,36,054 per kilogram. Meanwhile, in the bullion market, silver was recorded at ₹2,40,710 per kilogram. In the international market, the price of silver hovered around $67.38 per ounce. On the other hand, according to Goodreturns, the price of silver stands at ₹2,50,000 per kilogram. If you are planning to buy silver, it is important to check today's city-wise rates. Here are the current silver prices per kilogram in major cities:

Silver rates in major cities, including Delhi

There are slight variations in silver prices across different cities in the country.

The price of 1 kg of silver in major cities is as follows:

Delhi: ₹2,50,000 per kg
Mumbai: ₹2,50,000 per kg
Kolkata: ₹2,50,000 per kg
Chennai: ₹2,55,000 per kg
Lucknow: ₹2,50,000 per kg
Jaipur: ₹2,50,000 per kg
Hyderabad: ₹2,55,000 per kg
Ahmedabad: ₹2,50,000 per kg

Silver price on the previous trading day

On the previous trading day, the price of silver in Delhi's bullion market had risen by ₹5,000 to reach ₹2,40,500 per kilogram. This price was inclusive of all taxes. Before that, silver had closed at ₹2,35,500 per kilogram. The global market also witnessed a rise in silver prices, reaching approximately $65.77 per ounce.

Rise observed in the futures market as well

An increase in silver futures prices was also recorded during the previous trading session. Driven by increased buying from traders, the price of silver for December delivery on the MCX rose by ₹1,862 (0.79%) to ₹2,38,128 per kilogram.

According to market experts, the rise in silver futures prices was attributed to a strong trend in the domestic market and fresh buying activity.

What should you consider before buying?

If you are planning to buy silver for investment or jewelry making, do not base your decision solely on the current market price. Be sure to check details regarding silver purity, local taxes, making charges, and any other fees levied by the seller. The final price may vary across different cities and vendors.

Disclaimer: This content has been sourced and edited from Money Control. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.