Silver rate today (13th June 2024): Latest silver prices in key Indian cities

On Thursday, silver rates saw a subtle decline across India. In Delhi, 1kg of silver would cost you ₹ 90700 today. Meanwhile, on the MCX, silver contracts for June delivery traded lower ₹600 settling at₹ 90,700 per 10 grams.

Here is an extensive daily list to give you the most recent information on silver prices in India's key cities.

City	10g	1kg
Delhi	₹ 907	₹ 90700
Mumbai	₹ 907	₹ 90700
Kolkata	₹ 907	₹ 90700
Chennai	₹ 952	₹ 95200
Bengaluru	₹ 908.50	₹ 90850
Hyderabad	₹ 952	₹ 95200
Ahmedabad	₹ 907	₹ 90700
Pune	₹ 907	₹ 90700
Surat	₹ 907	₹ 90700
Nagpur	₹ 907	₹ 90700
Kerala	₹ 952	₹ 95200
Vijayawada	₹ 952	₹ 95200

Click to view the details of the silver rate on 12th June

The COMEX silver price is 29.250, which shows a significant decrease of 1.017 points, or 3.360%. This sharp decline points to a highly volatile trading session for silver, indicating potential market instability and shifts in investor sentiment. Such a notable drop in percentage terms suggests that there may have been influential economic events or changes in market conditions affecting the commodities sector. This level of fluctuation can have a wide-reaching impact, influencing decisions made by investors, traders, and industries dependent on silver. Monitoring these price changes is crucial for stakeholders to navigate the dynamic and often unpredictable commodities market.

Silver rates experience daily fluctuations due to a myriad of short- and long-term factors. These include considerations such as shifts in supply and demand, economic indicators, geopolitical developments, currency movements, investor sentiment and more. Given the dynamic nature of the precious metals market, effective monitoring and analysis of pricing data are crucial for investors and traders to make informed investment decisions.

While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the silver market effectively, investors are advised to perform their own due diligence before making any investment decisions.

As the day progresses, we encourage investors to remain vigilant and monitor silver rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.

For daily updates and in-depth analysis of silver rates, continue following our coverage on Business Insider India.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.