Silver Rate Drops Sharply By Rs. 200, Check Rates In Major Cities Here

Indian silver rates dropped sharply today, on July 6, and quoted by Rs. 5690/100 grams. The metal has fallen by Rs. 200/100 grams today, which is the biggest slip in the recent period. Showing a bearish momentum today, the silver rate has fallen by Rs. 340/100 grams in the past 10 days in India. However, this can help retail sales to grow in the country. Along with gold, investors are also now interested in silver watching its high return potential in the long term.

Today, in the Comex futures market, silver was quoted at $19.115 falling by 0.03%, and yesterday the metal closed at $19.121. In the past 1 year, in Comex silver prices have fallen sharply by 28.55%. In the spot market, silver prices stood at $19.25, falling by 0.31%. Significantly, the US dollar index in the spot market surged to 107.18, gaining by 0.61%. In the Mumbai Commodity Exchange (MCX), silver September futures are quoted at Rs. 56750/kg, falling by 0.20%.