Image Source : PIXABAY Silver price on January 3.
Silver price on January 3: On January 3 (Friday), silver prices increase to Rs 92,500 per kilogram and Rs 92.50 per gramme. Ten grammes of silver will cost Rs 925 today compared to Rs 905 yesterday (January 2); the price of 100 grammes of silver in India climbed by Rs 200 from Rs 9,050 on Thursday to Rs 9,250 on Friday; and the price of one kilogramme of silver bumped by Rs 2,000 from Rs 90,500 yesterday to Rs 92,500 today.
Here are the details of ‘silver rates’ in India’s top 5 cities
Silver rate in Mumbai
Silver rate in Mumbai was Rs 90,400/Kg on January 2, while it was priced at Rs 90,500/Kg on the previous day.
Silver rate in Delhi
The silver rate in Delhi was Rs 90,400/Kg on January 2. The price of silver for 10 gram Rs 904/gram on January 1.
Silver rate in Kolkata
Today, the silver rate in Kolkata is Rs 90,400/Kg and for 10 gram, it was priced 904.
Silver rate in Chennai
The silver rate in Chennai today, January 2, is Rs 97,900/Kg and for 10 gram it is priced at Rs 979.
Factors which affect ‘Silver prices’
The price of silver constantly fluctuates due to various factors, i.e, both domestic as well as international.
Global Demand: The overall demand for gold and silver worldwide plays a significant role in price changes.
Interest Rates: Higher interest rates can make gold and silver less attractive as investments as they offer no interest income.
Government rules/regulations: Government policies and regulations related to the gold and silver trade can impact prices.
World Events: Economic conditions, geopolitical events, and other global factors can influence the demand for and price of precious metals.
Insights from Jewellers: Jewellers, as experts in the precious metals industry, can provide valuable insights into market trends and potential price movements.
