Silver Prices Soar to ₹3.25 Lakh/kg in India Amid Iran Tensions; Global Rate Steady
Silver prices have seen a remarkable rise in India, soaring to approximately ₹3.25 lakh per kilogram amid escalating tensions in Iran. This surge reflects broader global trends as investors seek secure assets due to geopolitical uncertainties.
Global Silver Price Overview
Internationally, silver prices remain steady, hovering around $94.50 per ounce. Recent geopolitical events, including military conflict involving the U.S. and Israel, have intensified demand for silver as a safe-haven asset. The weaker U.S. dollar has also supported prices.
Key International Metrics
- Spot Silver: $94.50 per ounce
- Price per Gram: ~$3.04
- Price per Kilogram: ~$3,038.25
- Daily Change: +7.8% from recent lows
Domestic Silver Prices in India
In India, the average price for silver stands at ₹2,95,000 per kilogram, with higher rates reported in southern cities. These areas are experiencing substantial premiums, driven by both cultural significance and industrial demand.
Current Domestic Price Summary
- National Average: ₹2,95,000 per kg
- Daily Change: +₹10,000
City-Wise Silver Prices
| City | Price (per kg) | Change from Yesterday |
|---|---|---|
| Chennai | ₹3,25,000 | +₹5,000 |
| Hyderabad | ₹3,25,000 | +₹25,000 |
| Kerala | ₹3,25,000 | +₹5,000 |
| Delhi | ₹2,95,000 | No Change |
| Mumbai | ₹2,95,000 | No Change |
| Bangalore | ₹2,95,000 | No Change |
Price Trends Over Recent Days
In recent days, silver prices in Delhi have remained stable, while regional variations are notable. Here are the prices recorded over the last few days:
