Silver Rate Today: Today the prices of gold and silver have declined. There has been a big correction in the price of silver before Dhanteras. Compared to Thursday, today on October 17, the rate of silver has decreased by Rs 4,000. There has been a big fall in the price of silver in a single day. The rate of silver in Chennai is still above Rs 2 lakh. At the same time, the rate of one kg silver in Delhi is Rs 1,85,000. In such a situation, if you are planning to buy silver idol or utensils during Diwali and Dhanteras, then this can be a good time because before the festival, there has been a slight correction in the prices of both gold and silver.
The demand for silver is increasing rapidly around the world. Now silver is being used more in making electronic products and solar panels. For this reason, the price of silver remains at the highest level in the international market. Out of the total demand, about 60 to 70 percent of silver requirement comes from the industry itself.
Today on 16th October in Delhi silver rate Is trading at Rs 1,85,000 per kg. At the same time, the rate of one kilogram silver in Chennai is trading at Rs 2,03,000. There is a difference of about Rs 18,000 in the price of silver in both the states of Delhi and Chennai. The rate of silver in Chennai is still above Rs 2 lakh per kg. Today the price of silver has fallen by Rs 4000 as compared to yesterday.
Rate of 1 kg silver – Thursday 16 October 2015