Silver prices in India edged higher on Friday, November 13, even as international bullion markets extended their decline for a third consecutive session. On the Multi Commodity Exchange (MCX), silver futures rose around 0.40% to Rs. 1,80,270 per kg at about 9:13 am, reflecting a cautious domestic trend amid uncertainty over inflation and global developments.
Retail rates for 999-purity silver varied across major cities, with Chennai quoting the highest price among those listed, while Delhi had the lowest. Buyers should note that rates can differ depending on the retailer and applicable charges.
At press time, 999 silver was priced at Rs. 1,79,630 per kg in Delhi. In Mumbai, the rate stood at Rs. 1,80,580 per kg, while Bengaluru recorded Rs. 1,80,720 per kg.
In Kolkata, silver was priced at Rs. 1,80,340 per kg. Hyderabad recorded Rs. 1,80,870 per kg, while Chennai reported the highest price among these six cities at Rs. 1,81,110 per kg.
The rates refer to 999-purity silver, which contains 99.9% silver. It is commonly used for investment in the form of bars and coins. Retail prices may vary across jewelers and locations.
Also Read: Silver Price Today: 999 Silver Falls to Rs. 199.90 Per Gram in India
International silver prices remained under pressure, with the metal extending losses for a third straight session. Spot silver fell more than 1% to around USD 51 per ounce, while COMEX silver futures were up 0.99% at USD 50.56 per ounce at 1:59 GMT, according to the market update cited in the report.
Precious metals fell amid inflation concerns and moves in the US dollar. The report noted that hotter-than-expected US inflation had pushed the dollar close to its highest level since April 2025. A stronger dollar can make commodities priced in the currency more expensive for holders of other currencies, weighing on demand.
Market participants are also watching US producer price data for further clues on inflation and the likely direction of interest rates. The report cited PL Capital's Ashish Rajodia, who said the inflation reading had raised expectations of a Federal Reserve rate hike in December.
The cited projections put the probability of a 25-basis-point increase at 87%, while the likelihood of a 50-basis-point hike stood at 13%.
Silver prices can move sharply in response to global market trends, currency movements, and interest-rate expectations. The MCX rate and city-level retail prices may not match because of differences in pricing and applicable charges.
Those planning a purchase should check the rate with local jewelers before making a transaction. The quoted city prices are indicative and may change during the day as market conditions shift.