Today's Silver Price In India, Sept 3, 2022: Silver Price Jumps

The price of silver has surged by Rs 200 to settle at Rs 52,500 for 1 kg on September 3, 2022. The price of 100 gram of silver rose by Rs 20 to settle at Rs 5250.

Silver price in India is determined by international prices, which move in either direction. Silver price also depends on currency movement of the Rupee against the Dollar. If the Rupee falls against the Dollar and international prices remain stable, silver will become more expensive.

The price of silver has been on a rise since September 1, 2022. The price jumped by Rs 800 on September 1, 2022 to settle at Rs 51,600 in India for 1 kg. The price rose by Rs 700 on September 2, 2022 to close at Rs 52,300. Earlier on August 31, 2022 the price of silver fell by Rs 3200 to close at Rs 50,800 per kg. The price fell on August 29, 2022 by Rs 800 to close at Rs 54,000 per kg.

Check the price of silver in major cities today for 1 kg:

Chennai: Rs 58,200

Mumbai: Rs 52,500

Delhi: Rs 52,500

Kolkata: Rs 52,500

Bangalore: Rs 58,200

Hyderabad: Rs 58,200

Kerala: Rs 58,200

Pune: Rs 52,500

Factors determining silver price per 1 gram in India today
There are a number of factors that impact silver prices in India today. Among these include the international prices of the precious metal. In India silver prices largely takes cues from what is happening in the international markets.

Now we wish to state that good and silver prices move almost in tune with each other. What we mean is that when gold prices go higher, silver prices too rally. On the other hand, when silver prices go higher, gold prices to act in tune. All in all, there are many other factors that tend to influence the per gram silver rate in India.

These also include interest rate movement as also inflationary trends in the country.