World · India Bureau
Silver prices crash further as precious metal loses lustre
Silver has declined sharply, with per-kilogram rates falling over ₹30,000 since October as the precious metal trades significantly below its recent highs. The commodity, which peaked at levels considerably higher, is now priced ₹2.26 lakh below those peak valuations.
LSN India ·
Silver prices have extended their downward trajectory, with the precious metal experiencing sustained weakness in recent trading sessions. The per-kilogram rate has contracted by more than ₹30,000 since the beginning of October, reflecting growing bearish sentiment in the bullion markets.
The decline has been particularly pronounced when measured against the metal's recent highs. Silver is currently trading approximately ₹2.26 lakh below the peak levels seen earlier in the year, marking a substantial correction for investors who had bet on further price appreciation.
The softening in silver prices mirrors broader trends in precious metals markets, where investors have reassessed their positions amid shifting macroeconomic conditions and interest rate expectations. The precious metal, which typically benefits from safe-haven demand and industrial applications, has faced headwinds from stronger currency valuations and weakening global growth concerns.
Market participants are closely monitoring price levels as silver attempts to stabilize following the recent downturn. The direction of international bullion markets and rupee movements against major currencies are expected to remain key factors influencing domestic silver pricing in the coming sessions.