Silver Price Today: Yesterday the rate of gold and silver was at its peak but today it is showing a decline. There has been a slight correction in the price of silver before Dhanteras. As compared to Wednesday, today on October 16, the rate of silver has decreased by Rs 1,000. 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 1,89,000. Due to increase in demand due to Diwali and Dhanteras and international reasons, the price of silver remains at its highest level.
Silver demand has increased rapidly worldwide. Especially silver is being used more in making electronic goods and solar panels. This is the reason why the price of silver remains at the highest level in the international market. Out of the total demand, about 60 to 70 percent comes from the industry itself.
price of silver
Today on 16th October in Delhi silver rate Is trading at Rs 1,89,000 per kg. At the same time, the rate of one kilogram silver in Chennai is trading at Rs 2,06,000. 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 is still above Rs 2 lakh per kg.
Rate of 1 kg silver – Thursday 16 October 2015
This was the price of silver tomorrow, Wednesday 15th October.
Gold reached a new high on Wednesday due to the continuously increasing demand during the festive season and the rise in global markets. In Delhi’s bullion market, the price of gold increased by Rs 1,000 to reach a record level of Rs 1,31,800 per 10 grams. However, a fall in silver prices was recorded yesterday. After reaching a new peak of Rs 1,85,000 per kg on Tuesday, silver fell by Rs 3,000 to Rs 1,82,000 per kg on Wednesday.
In the international market, silver was trading 2.81% higher at $ 52.84 an ounce, although on Tuesday it had reached a record high of $ 53.62 an ounce. At the same time, in the local bullion market of Indore on Wednesday, gold rose by Rs 400 to Rs 1,31,200 per 10 grams. Whereas, silver declined by Rs 2,000 to Rs 1,80,500 per kg. At the same time, the price of silver coin remained Rs 2,000 per piece.