silver price today

Silver is one of the most purchased precious metals in India. Traditionally, Silver has been used in auspicious occasions and used as a store of value and medium of exchange. The metal also has demand in industrial space, especially in the green energy sector.

Daily silver prices can be checked at India’s largest commodity derivative, the Multi Commodity Exchange (MCX), which trades on weekdays in two sessions.

The precious metal is widely seen as a safe-haven asset, which means it is considered a good investment during turbulent times. Many still prefer purchasing silver compared to riskier assets such as equities.Silver is seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

That’s why even central banks find refuge in silver during volatile times.

Silver prices in the country depend on several factors, including the value of the rupee against the US dollar. Global demand also plays a key role in determining the trends of this metal.

Also, global economic conditions as well as central bank policies and currency fluctuations play a significant role in shaping the price of silver.

Keep a tab on this page to check silver prices.