Silver Price India, Sept 6, 2022: Big Rise In Silver Price, Check Price In Your City

There is jump of Rs 680 in the price of 1 kg of silver today at Rs 53,900. If you buy 100 gram of silver in India today, you need to shell out Rs 5,390 with a rise of Rs 68. If you happen to be in Chennai, you need to pay Rs 59,000 for 1 kg of silver.

The price of 1 kg of silver in Mumbai is Rs 53,900 as on September 6, 2022. The price in Delhi is Rs 53,900 per kg while in Kolkata it is Rs 53,900 per kg.

Check price of 1 kg silver in other major cities:

Bangalore: Rs 59,000

Hyderabad: Rs 59,000

Kerala: Rs 59,000

Pune: Rs 53,900

Vadodara: Rs 53,900

Ahmedabad: Rs 53,900

Jaipur: Rs 53,900

Lucknow: Rs 53,900

Coimbatore: Rs 59,000

Why Silver in India is cheaper?
Silver has been considered cheaper than gold throughout modern history. The majority of silver is used industrially. It is not worth to recycle Silver. Silver used for conductivity purposes in dated electronic devices. One of the most crucial elements that go into making silver cheaper than gold is the rarity of the metal itself.

The imbalance in supply and demand between gold and silver makes up most of the difference in their prices. One of the prime reasons for silver to be cheaper is because of the lesser demand worldwide.

It is important to know that like all other metals, silver is a function of demand and supply in the country. Higher the demand, higher would be the price of the precious metal and vice versa.