BUSINESS
Silver Price Today: Silver Slips Despite Global Tensions; Check Latest Rates in Delhi, Noida and Other Cities
Silver prices remained volatile on July 18 as geopolitical tensions and mixed investor sentiment influenced the precious metals market. While MCX silver futures edged higher, physical market prices softened in several segments.
Silver prices witnessed sharp fluctuations on Saturday amid renewed geopolitical uncertainty in the Middle East. Although global tensions generally support safe-haven assets, silver remained under pressure as many investors preferred gold and booked profits in silver.
According to market data, MCX silver futures were trading ₹46 higher at ₹2,16,449 per kg, while prices in the physical bullion market showed weakness.
Latest Silver Prices in India
As per various market sources:
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MCX Silver Futures: ₹2,16,449 per kg
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All India Sarafa Association: Around ₹2,22,500 per kg (inclusive of taxes)
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Bullions Market: Around ₹2,16,840 per kg
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IBJA Closing Price (Friday): ₹2,15,474 per kg
Since bullion markets remain closed on Saturday and Sunday, Friday's official rates continue to apply in many physical markets.
Silver Rates Across Major Cities
| City | 10 Gram | 100 Gram | 1 Kg |
|---|---|---|---|
| Delhi | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Mumbai | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Kolkata | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Noida | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ghaziabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Gurugram | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Lucknow | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Jaipur | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Ahmedabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Pune | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Bengaluru | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Chennai | ₹2,400 | ₹24,000 | ₹2,40,000 |
| Hyderabad | ₹2,400 | ₹24,000 | ₹2,40,000 |
| Bhubaneswar | ₹2,400 | ₹24,000 | ₹2,40,000 |
Local prices may vary depending on taxes, transportation costs, and jewellers' premiums.
Why Did Silver Prices Decline?
Despite ongoing geopolitical uncertainty, silver failed to sustain gains for several reasons:
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Investors shifted towards gold, which is generally considered a stronger safe-haven asset during periods of global conflict.
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Profit booking by traders weighed on silver prices.
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Concerns over slowing global economic growth affected expectations for industrial demand.
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Weakness in manufacturing outlook reduced buying interest in the industrial metal.
Unlike gold, silver is widely used in industries such as electronics, solar panels, automobiles, and medical equipment. Therefore, its prices are influenced not only by investment demand but also by industrial consumption.
What Should Investors Watch?
Silver prices may remain volatile in the coming days due to:
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Developments in global geopolitical tensions.
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Movements in the US dollar.
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Central bank policy expectations.
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Industrial demand trends.
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MCX and international precious metal market movements.
Investors planning to buy silver should compare local market prices and monitor global developments before making any investment decision.
Disclaimer: Precious metal prices change frequently based on domestic and international market conditions. The prices mentioned above are indicative and may vary across cities and jewellers. Investors should verify the latest rates and consult a financial advisor before making investment decisions.
