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Silver rate today (25th June 2024): Check Prices in Major Cities

Silver rate today (25th June 2024): Check Prices in Major Cities
On Tuesday, silver rates saw a decline across India. In Delhi, 1kg of silver would cost you ₹ 96100 today. Meanwhile, on the MCX, silver contracts for June delivery traded lower ₹100 settling at ₹ 91,700 per 1kg.

Here is an extensive daily list to give you the most recent information on silver prices in India's key cities

City
10g
1kg
Delhi
₹ 916
₹ 96100
Mumbai
₹ 916
₹ 91600
Kolkata
₹ 916
₹ 91600
Chennai
₹ 961
₹ 96100
Bengaluru
₹ 910.50
₹ 91050
Hyderabad
₹ 961
₹ 96100
Ahmedabad
₹ 916
₹ 91600
Pune
₹ 916
₹ 91600
Surat
₹ 916
₹ 91600
Nagpur
₹ 916
₹ 91600
Kerala
₹ 961
₹ 96100
Vijayawada
₹ 961
₹ 96100
Click to view the details of the silver rate on 24th June 2024

The Silver COMEX saw a last trade at $29.540, marking a slight increase of $0.015 or 0.05%. The trading session experienced a high of $29.610 and a low of $29.270, with the market opening at $29.605. This indicates a relatively stable performance with minimal fluctuations throughout the trading day, reflecting steady investor sentiment towards silver in the commodity markets.

The trading week began with Nifty opening below last week's lows, hinting at a possible decline. However, bulls took control, erasing initial losses and ending the day near the high with a marginal gain of 0.16%, just below 23550. Despite range-bound prices and lack of follow-up traction, traders are advised to buy on dips and book profits at higher levels. Key support is at 23350 and 23300, while resistance is at 23650-23700. Individual stocks show strong performance, suggesting opportunities for outperformance amid global developments, says Sameet Chavan, Head Research, Technical and Derivative - Angel One.

Silver prices fluctuate daily due to various short- and long-term factors, including changes in supply and demand, economic indicators, geopolitical events, currency movements, and investor sentiment. Given the dynamic nature of the precious metals market, it is crucial for investors and traders to monitor and analyze pricing data effectively to make informed decisions.

These data points provide valuable insights into market trends and the factors influencing price movements, aiding investors in navigating the silver market effectively. However, investors are encouraged to conduct their own due diligence before making any investment decisions.

Throughout the day, investors should remain vigilant and closely monitor silver rates for emerging trends or market developments. Staying informed about daily price fluctuations can help identify potential trading opportunities and support well-informed investment decisions.

For daily updates and in-depth analysis of silver rates, continue to follow our coverage on Business Insider India.

Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

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