Silver Price after Diwali: After three days of decline, silver prices remained stable for two consecutive days and now today it slipped again. However, today its shine has diminished. Earlier, the price of silver had fallen by ₹ 18 thousand per kg in three consecutive days, out of which it had become cheaper by ₹ 13 thousand only on the day of Dhanteras i.e. 18th October. After this, its price remained stable for two consecutive days and its shine remained on Diwali also. Now today i.e. after Diwali, once again one kg silver has become cheaper by ₹ 100. On the other hand, if we talk about gold, the shine of gold has once again faded on the next day of Diwali. Gold has slipped for the second consecutive day and in these two days, gold of 24 carat purity has become cheaper by ₹ 180 per ten grams.
Citywise Silver Rates
Here the price of one kg silver is being given in 10 important cities of the country including four big metros of the country-
Up to what price can silver rise?
Leading brokerage firm Motilal Oswal Financial Services believes that there may be a slight decline in the price of silver in the short term, but the trend is strong in the long term. Motilal Oswal analyst Manav Modi believes that gold and silver are supported by central bank purchases, ETF inflows and strong demand from Asia. The demand for silver is continuously increasing in industries like solar, electric vehicle and AI. It is in global supply deficit for the fifth consecutive year. Motilal Oswal estimates that silver could reach $75 per ounce on COMEX and ₹2.30 lakh per kg in India.
Gold Price after Diwali: What is the condition of gold?
24 carat gold price in Delhi is ₹1,30,830 per 10 grams. The price of 22 carat is ₹1,19,940 per 10 grams. In the four major metros of the country – Delhi, Mumbai, Kolkata and Chennai, the most expensive gold is being sold in Delhi only, while the cheapest is in Chennai. Today, the price of 24 carat gold in Chennai is ₹1,30,030 per 10 grams, while the price of 22 carat gold is ₹1,19,190 per 10 grams. Founder member and former chairman of All India Gem and Jewelery Domestic Council, Ananth Padmanabhan, while talking to news agency ANI, expected the price of 10 grams of gold to reach a record level of ₹ 1.50 lakh in the coming months.
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