Record Silver Prices Today in Hyderabad – Rs 207 Per Gram Hits New High
Hyderabad sees highest silver rates of the month at Rs2,07,100 per kg. Stay updated with current silver prices and trading insights.
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Today, Hyderabad sees a new peak in silver prices, with the rates being Rs 207.10 per gram and Rs 2,07,100 per kilogram. According to traders, great demand for silver in the city is behind surge in the market.
As compared to the previous day, the price per gram went up by Rs 0.10 from Rs 207 to Rs 207.10, while the price per kilo increased by Rs 100 from Rs 2,07,000 to Rs 2,07,100. Very small daily profits are, however, part of the bigger trend for the month of October which has already witnessed such a large increase in silver prices.
In a period of ten days, silver has been increasing gradually in Hyderabad. On the 15th of October, the price for a kg of silver was Rs 2,07,000, while on the 14th of October it was Rs 2,06,000. The prices were even lower at the beginning of the month, with Rs 1,97,000 on the 13th and Rs 1,90,000 on the 12th. The month opened with the price of Rs1,61,000 per kilogram on the 1st of October, which is a 28.63 percent increase to the highest level reached today.
The analysts pinpoint the factors of global demand, the trading patterns, and the interest of investors, that will push rates to the next level in the future.
