Silver hits 11-month low at ₹1.9 lakh per kg in Delhi; crashes to $49/ounce globally
Silver fell after slight gains, dropping ₹8,300 to ₹1,90,200 per kg from ₹1,98,500
Silver prices plummeted by ₹8,300 to ₹1.90 lakh per kilogram in Delhi, marking their lowest point in nearly 11 months, on Friday. This decline was driven by a sharp drop in international markets, causing investors to sell off precious metals. Gold prices also fell by ₹1,300 to ₹1,45,200 per 10 grams, following a dip from Thursday's closing level.
The white metal had previously reached its lowest level in December 2025, when it was quoted at ₹1.92 lakh per kilogram. Globally, gold prices fell below $4,000, while silver tumbled below $50, marking its 11-month low. Factors contributing to the decline included elevated crude oil prices, inflation concerns, and expectations of tighter US monetary policy.
Additionally, worries about the sustainability of AI-related investments and a sharp sell-off in technology stocks further pressured the precious metals market.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
