11:30 AM IST – India’s silver market opened with a noticeable downward shift this Saturday morning. It is giving buyers a small but meaningful breather after several days of volatility. According to updated benchmark rates till today time – 11:30 AM, silver is now priced at ₹169 per gram and ₹1,69,000 per kilogram. It marked a sharp decline of ₹4.10 per gram and ₹4,100 per kg compared to yesterday.
Unlike the strong upward momentum seen earlier this week, today’s sentiment has softened visibly. Much of this cooling is driven by international price corrections and a slight strengthening in the rupee–dollar equation. When global silver weakens or the rupee gains marginal ground, domestic prices tend to ease — exactly what we are witnessing today.
Price Change: Today vs Yesterday (Easy Breakdown)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹169 | ₹173.10 | –₹4.10 |
| 8 grams | ₹1,352 | ₹1,384.80 | –₹32.80 |
| 10 grams | ₹1,690 | ₹1,731 | –₹41 |
| 100 grams | ₹16,900 | ₹17,310 | –₹410 |
| 1 kg | ₹1,69,000 | ₹1,73,100 | –₹4,100 |
This drop is not huge in absolute terms, but for someone who is looking to buy in bulk, this dip of ₹4,100 per kg becomes meaningful, especially during year-end industrial demand and the ongoing wedding season.
If we check, City-Wise Silver Rates (15 November, 11:30 AM)
| City | For 10g | 100g | Today per 1kg rate in india |
|---|---|---|---|
| Mumbai | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Delhi | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Kolkata | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Bengaluru | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Chennai | ₹1,750 | ₹17,500 | ₹1,75,000 |
| Hyderabad | ₹1,750 | ₹17,500 | ₹1,75,000 |
| Kerala | ₹1,750 | ₹17,500 | ₹1,75,000 |
| Pune | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Vadodara | ₹1,690 | ₹16,900 | ₹1,69,000 |
| Ahmedabad | ₹1,690 | ₹16,900 | ₹1,69,000 |
Southern cities, for example, Chennai and Hyderabad, continue to stay on the higher side due to regional or local demand and local jeweller premiums.
Silver Trend: Last 10 Days (Why Today’s Drop Matters)
A quick look at the 10-day pattern shows how much silver has moved recently:
- It rose from ₹1,52,500 per kg on Nov 9 to ₹1,73,100 per kg on Nov 14
- Today it corrected to ₹1,69,000
This correction doesn’t erase the larger bullish trend, but it signals that the market is cooling after aggressive gains.
Why Silver Dropped Today
Three major drivers shaped today’s decline:
- International spot silver softened in early Asian trading.
- The rupee showed mild stability, reducing imported metal costs.
- Industrial demand eased slightly after a strong buying stretch over the last week.
Silver’s daily movement is directly tied to global cues, making it more volatile than gold.
EaseMoney Take
Today’s dip does not guarantee any long correction, but it does give buyers a brief price window. For jewellery buyers, industrial users, and bulk investors, even a ₹4,100 fall per kg can influence timing.
Unlike gold, which often moves slowly, silver reacts quickly to global and currency shifts — meaning prices may bounce again if international momentum returns.
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