Image Source : FILE Silver rates on December 13.
The silver rates witnessed a decrease on Friday (December 13), with the rate of one kilogram of silver standing at Rs 93,500. The value depreciated by Rs 3000 per kg.
City-wise silver rates
DelhiSilver: Rs 935 per 10 grams
ChennaiSilver: Rs 1010 per 10 grams
MumbaiSilver: Rs 935 per 10 grams
KolkataSilver: Rs 935 per 10 grams
What influences gold and silver prices?
Here’s a look at factors shaping gold and silver prices:
International demand: Fluctuations in global demand of these metals significantly impact prices.
Currency variations: The value of the US dollar against other currencies.
Interest rates and policies: Changes in interest rates and government policies of different countries.
Economic trends: The state of the global economy plays a key role.
Major jewelers and market inputs also influence the prices of precious metals in India, making them volatile yet significant for investors and buyers alike.
