There is good news for people planning to buy silver.
Silver prices saw a sharp fall on July 7, making the precious metal cheaper across several major cities.
In the domestic bullion market, the price of silver dropped by ₹3,800 per kilogram in a single day.
After closing at around ₹2.36 lakh per kg yesterday, silver is now trading near ₹2.32 lakh per kg.
If you’re planning to buy silver jewellery or invest in silver, here are the latest rates.
Silver Rate in Delhi, UP, Bihar and Rajasthan
Silver prices declined across North India, with different cities recording noticeable drops.
In Delhi, silver is priced at ₹2,32,405 per kilogram, down by ₹3,800.
This means the price of 10 grams of silver is ₹2,324, while 100 grams costs ₹23,240.
In Lucknow (Uttar Pradesh), silver is trading at ₹2,33,297 per kilogram after falling by ₹4,797.
The previous day’s closing price was ₹2,38,094 per kilogram.
In Patna (Bihar), silver is available at ₹2,31,656 per kilogram, a decline of ₹4,549 compared to the previous trading session.
In Jaipur (Rajasthan), the price has fallen by ₹4,345, taking silver to ₹2,31,860 per kilogram.
Mumbai has also witnessed a decline, with silver currently trading at ₹2,32,131 per kilogram, down by ₹4,309.
Latest Silver Rates in Major Cities
| City | Price Per Kg | Price Per 10 Grams |
|---|---|---|
| Delhi | ₹2,32,405 | ₹2,324 |
| Mumbai | ₹2,32,131 | ₹2,321 |
| Uttar Pradesh | ₹2,33,297 | ₹2,332 |
| Bihar | ₹2,31,656 | ₹2,316 |
| Rajasthan | ₹2,31,860 | ₹2,318 |
| Haryana | ₹2,31,920 | ₹2,319 |
| Punjab | ₹2,31,920 | ₹2,319 |
Why Did Silver Prices Fall?
Silver prices were under pressure not only in India but also in the international market.
Spot silver declined by nearly 2%, falling to around $60.65 per ounce.
The weakness in global prices also affected the domestic bullion market, leading to a drop in silver rates across the country.
For buyers looking to purchase silver jewellery or investors planning to add silver to their portfolio, the recent decline could be a good opportunity to keep an eye on prices before making a purchase.
