Silver prices continue to experience ups and downs alongside gold, keeping the bullion market volatile. In the Delhi bullion market, silver was quoted at ₹1,84,000 per kilogram, including all taxes, following a decline.
Meanwhile, silver futures on the Multi Commodity Exchange (MCX) moved higher by 0.13%, gaining ₹234 to close at ₹1,76,543 per kilogram.
In the international market, silver was trading at $48.65 per ounce. Since bullion markets remain closed on Saturdays and Sundays, the quoted rates will remain applicable over the weekend.
According to the India Bullion and Jewellers Association (IBJA), silver stood at ₹1,78,000 per kilogram when the market closed on November 13. Anyone planning to purchase silver jewellery, anklets or other items should check the latest local rates before making a purchase.
Silver Price Today: City-Wise Rates
The listed price of silver across the following cities is ₹1,95,000 per kilogram:
| City | Silver Price (1 kg) |
|---|---|
| Delhi | ₹1,95,000 |
| Mumbai | ₹1,95,000 |
| Kolkata | ₹1,95,000 |
| Chennai | ₹1,95,000 |
| Patna | ₹1,95,000 |
| Lucknow | ₹1,95,000 |
| Meerut | ₹1,95,000 |
| Kanpur | ₹1,95,000 |
| Ayodhya | ₹1,95,000 |
| Mathura | ₹1,95,000 |
| Gorakhpur | ₹1,95,000 |
| Varanasi | ₹1,95,000 |
| Agra | ₹1,95,000 |
| Ghaziabad | ₹1,95,000 |
| Noida | ₹1,95,000 |
| Gurugram | ₹1,95,000 |
| Chandigarh | ₹1,95,000 |
| Jaipur | ₹1,95,000 |
Silver Price Weekly Change: ₹4,868 Decline in Seven Days
IBJA data shows that silver was priced at ₹1,82,868 per kilogram on November 6. By the market closing on November 13, the rate had dropped to ₹1,78,000 per kilogram.
This represents a weekly reduction of ₹4,868 per kilogram, indicating a noticeable decline in silver prices during the period.
Should You Buy Silver at Current Prices?
Market experts are advising buyers and traders to remain cautious rather than rushing into fresh purchases at current levels.
Kedia Commodity has also recommended caution. According to its assessment, unless silver manages to sustain strength above ₹1.80 lakh per kilogram on the MCX, the possibility of further weakness cannot be ruled out.
The report also suggests considering options-based hedging strategies to manage the risks associated with price fluctuations.
Before purchasing silver, buyers should compare local rates and consider the prevailing market trend rather than making decisions based on short-term price movements alone.
Disclaimer: Silver prices are subject to market fluctuations and may vary across cities, dealers and jewellery retailers. The rates mentioned in this article are based on the supplied information and should be treated as indicative. Market views and trading suggestions are not guaranteed outcomes or personalised financial advice. Buyers and investors should verify current prices and assess the risks before making financial decisions.