Silver rate today (14th June 2024): Latest Rates in Major Cities

On Friday, silver rates saw a subtle decrease across India. In Delhi, 1kg of silver would cost you ₹ 90500 today. Meanwhile, on the MCX, silver contracts for June delivery traded lower ₹200 settling at ₹ 90,500 per 1kg.

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

Click to view the details of the silver rate on 13th June

The silver COMEX is currently $28.980. This reflects a decrease of $0.086, translating to a 0.30% drop in value. Throughout the trading session, the highest price recorded for silver was $29.185, while the lowest point it reached was $28.905. The market opened at a price of $29.030. The fluctuations in the price of silver indicate a slight downward trend for the day, with the current value slightly below the opening price. Market participants are observing these changes closely, analyzing factors that might be influencing this modest decline.

Silver prices fluctuate daily due to various short- and long-term factors, including shifts in supply and demand, economic indicators, geopolitical events, currency movements, and investor sentiment. The precious metals market's inherent volatility requires investors and traders to constantly monitor and analyze pricing data to make informed decisions. By examining these data points, investors can gain valuable insights into market trends and the underlying factors driving price movements, which can aid them in effectively navigating the silver market.

It is important for investors to conduct their own thorough research before making any investment decisions. Vigilance and close monitoring of silver prices throughout the day for emerging trends or market developments are crucial. Staying well-informed about daily price fluctuations allows investors to identify potential trading opportunities and make informed decisions.

Meanwhile consistently keeping abreast of market trends and understanding the factors influencing silver prices, investors can enhance their ability to make strategic and well-timed decisions. This diligence in monitoring and researching the silver market ultimately contributes to more effective investment management and better outcomes.

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.