Silver Price Today: Today, on Wednesday, October 15, the price of silver in Chennai crossed the level of Rs 2 lakh per kg. Here the price of silver has crossed the level of Rs 10,000 in a single day. At the same time, the rate of silver in Delhi was trading at Rs 1,90,000. There has been a huge rise in the price of silver due to increase in demand due to Diwali and Dhanteras and international reasons. Know here what was the price of silver in big cities of the country.
Why is silver continuously becoming expensive?
These days, silver prices are continuously increasing because its demand has increased rapidly across the world. Especially silver is being used more in making electronic goods and solar panels. This is the reason why silver prices are increasing in the international market, the effect of which is visible in India also. Now the price of silver in the country has reached record level. Out of the total demand, about 60 to 70 percent comes from the industry itself.
price of silver
Today on 15th October in Delhi silver rate It is priced at Rs 1,90,000 per kg. At the same time, the rate of one kilogram silver in Chennai has reached above Rs 2,07,000. If we compare it with yesterday’s price in Chennai, there seems to be an increase of Rs 10,000 in the price of silver. There is a difference of about Rs 17,000 in the price of silver in both the states of Delhi and Chennai. The rate of silver in Chennai has crossed Rs 2 lakh per kg.
Rate of 1 kg silver – 15 October 2015
This was the price of silver tomorrow on 14th October
Before Dhanteras and Diwali, tremendous buying is being seen in the bullion markets tomorrow evening in October. On Tuesday, amid strong demand for the festive and wedding season, gold prices in Delhi’s bullion market crossed Rs 1.3 lakh per 10 grams for the first time. Whereas silver reached Rs 1.85 lakh per kg. Silver also jumped strongly. Yesterday, for the fifth consecutive day, silver rose by Rs 6,000 to reach Rs 1,85,000 per kg. In the previous trading session, its price was Rs 1,79,000 per kg.
Market experts say that heavy shopping during Dhanteras and wedding season, demand from retail jewelers selling jewelery and weakness of rupee have taken the prices of gold and silver to new heights. Yesterday, spot silver slipped from a record high of $ 53.54 an ounce to close at $ 51.36 an ounce. Experts say that if the dollar remains weak in the coming days and festive shopping continues, then the prices of gold and silver may increase further.