Silver Rate Today: Latest Prices and Market Update
Check today's silver rate in India at ₹110,937 per kg. See why prices dropped and how global factors affect the market. Stay informed!
Silver Rate Today: What's Happening in India
We're seeing silver prices drop today. As of 17 July 2025, 999 silver costs ₹110,937 per kilogram. That's down from yesterday. The India Bullion and Jewellers Association (IBJA) shared this rate around noon. You'll notice this continues a downward trend from earlier highs.
Today's Silver Prices Explained
Silver opened at ₹111,200 per kg this morning. By afternoon, it fell to ₹110,937. That's a ₹263 drop in hours. Per gram, you'd pay about ₹110.94 now. I find this dip interesting because silver hit ₹113,867 earlier this week. Sadly, it lost nearly ₹3,000 since Monday.
Compare this to gold. Gold also slipped today. 24-carat gold sits at ₹97,370 per 10 grams. Both metals are reacting to similar market pressures. The rupee-dollar exchange plays a big role here. When the dollar strengthens, precious metals often dip.
Why Silver Prices Are Falling
Global factors drive these changes. Trade tensions between major economies matter. When tariffs rise, markets get nervous. Surprisingly, this usually helps gold but not silver. Stockists selling off silver added pressure too.
Investors watch US economic data closely. The Producer Price Index (PPI) came out yesterday. It measures wholesale inflation. Lower inflation means less demand for silver as protection. That's partly why we see this drop.
How This Compares Globally
International silver prices differ from India's. Yesterday, global silver was ₹104.68 per gram. Today's domestic rate is about 6% higher. Import duties and taxes create this gap. When the rupee weakens, the difference grows even more.
Meanwhile, US silver futures rose slightly. They gained 0.38% to $37.84 per ounce. But this didn't help Indian prices. Our local market follows its own rhythm sometimes.
Final Thoughts on Silver Rates
Silver remains volatile today. At ₹110,937/kg, it's cheaper than recent peaks. Watch currency movements and global news. They'll likely decide where prices head next.
