Silver Prices Surged by ₹20,000 per Kilogram in Major Indian Cities
Silver prices in multiple major Indian cities surged by ₹20,000 per kilogram amid Holi celebrations, marking a period of disappointment for potential buyers.
Highlights
- •Silver prices across New Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai saw a ₹20,000 per kilogram increase
- •Prices in several southern cities like Pune and Vijayawada also witnessed a similar rise
- •Purchasers planning to buy silver should check city-wise rates to avoid confusion and potential investment losses
- •Consult experts before making any purchases in the Indian bullion market
New Delhi recorded a substantial increase in silver prices, reaching ₹320,000 per kilogram with the price of 999 purity silver rising by ₹20,000 compared to the previous day.
In Mumbai, silver prices had already reached ₹320,000 prior to the increase, remaining steady at that rate.
Karnataka's capital, Bengaluru, followed suit, with silver prices increasing to ₹320,000 per kilogram after seeing a ₹20,000 rise.
Interestingly, silver in Hyderabad, Telangana, and Chennai exhibited the same pattern, with prices shooting up by ₹20,000 per kilogram, confirming the surge across multiple regions.
Melbourne, Pune, and Vijayawada in South India also experienced significant price hikes, with Pune recording ₹320,000 per kilogram. This trend extended to Bhopal, Jaipur, and Kolkata, with all major cities experiencing similar price hikes across the board.
