Silver Eases to ₹163/g on November 24 After Mid-Week Stabilisation: Check City-Wise Prices in India

After a brief recovery toward the end of last week, silver prices softened again, slipping to ₹163 per gram (₹1,63,000 per kg) on November 24, marking a ₹1 decline from the previous session. This follows the steady levels seen on November 23 (₹164 per gram) and November 22 (₹164 per gram), indicating a phase of mild consolidation after the sharper fluctuations earlier in the week. Despite these small corrections, silver has largely remained rangebound, moving between ₹161 and ₹165 per gram, reflecting a market influenced by intermittent demand and shifting global cues.

Earlier in the week, silver prices displayed stronger movement, rising to ₹165 per gram on November 20 before dropping to ₹161 per gram on November 21, one of the sharper declines in recent sessions. The subsequent rebound to ₹164 on November 22 and 23 suggested stabilisation, before easing again to ₹163 on November 24. These shifts indicate cooling sentiment across major trading hubs, with traders showing caution despite underlying support from industrial and retail segments.

Demand from key sectors such as electronics, solar manufacturing, and jewellery continues to offer structural stability. However, the recent pattern of pullbacks and minor recoveries suggests that buying momentum remains subdued in the absence of strong global triggers. 

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Silver Price Today Across Major Cities

• Silver Price Today in Mumbai: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Delhi: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Kolkata: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Bangalore: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Hyderabad: ₹1,710 per 10g, ₹17,100 per 100g, ₹1,71,000 per kg
• Silver Price Today in Kerala: ₹1,710 per 10g, ₹17,100 per 100g, ₹1,71,000 per kg
• Silver Price Today in Pune: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Vadodara: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg
• Silver Price Today in Ahmedabad: ₹1,630 per 10g, ₹16,300 per 100g, ₹1,63,000 per kg

Recent Silver Price Movements in India

Here’s a quick look at silver price fluctuations over the past few sessions:

• November 24th: ₹163 per gram, ₹1,63,000 per kg (-1000)
• November 23rd: ₹164 per gram, ₹1,64,000 per kg (0)
• November 22nd: ₹164 per gram, ₹1,64,000 per kg (+3000)
• November 21st: ₹161 per gram, ₹1,61,000 per kg (-4000)
• November 20th: ₹165 per gram, ₹1,65,000 per kg (-3000)

Throughout the past week, silver prices in India have shown noticeable day-to-day variation, influenced by uneven physical demand and evolving international indicators. After dipping to ₹161 per gram on November 21, the metal climbed back to ₹164 per gram on November 22 and 23, before easing to ₹163 per gram on November 24. Overall, prices have traded within a ₹161–₹165 per gram range, pointing to a soft but steady trend characterised by brief recoveries followed by renewed mild weakness.

Outlook

Following the rise to ₹165 per gram on November 20, silver witnessed a sharp drop to ₹161 per gram on November 21, followed by a stabilising recovery to ₹164 per gram over the next two sessions. The latest slight decline to ₹163 per gram on November 24 reflects ongoing consolidation in the market. With silver currently moving within a narrow band, the broader sentiment remains balanced. Firm industrial demand and steady retail buying are expected to offer support, even as short-term fluctuations continue in response to global precious metal cues.

Conclusion

In summary, silver is priced at ₹163 per gram (₹1,63,000 per kg) as of November 24, marking a modest decline after two sessions of stability. While festive-season demand and industrial usage provide underlying support, the near-term trajectory appears moderately subdued. Prices are likely to remain rangebound, with potential for stabilisation depending on global market movements and domestic consumption patterns.