By Admin 
Silver price crash: After Thursday, a huge fall in the price of silver in India was seen on Friday also. The price of silver in India fell by Rs 25 per gram to Rs 275 per gram. Similarly, on Thursday, the price of 1 kg silver fell by Rs 25,000 to Rs 2,75,000 per kg.
silver is slipping
There has been a big fall in the rate of silver on MCX (Multi Commodity Exchange) also. Silver futures (with March expiry) had fallen to an intraday low of Rs 2,39,000 per kg. Experts had already said that gold and silver prices are likely to remain unstable on Friday, February 6. Some experts believe that the fall in prices in the precious metals market may continue for some more time.
InCred Money said, “Gold and silver are seeing significant declines following price rallies. This period of consolidation is not unusual for precious metals, especially after a prolonged rally. In fact, such declines often help reset positions and improve the quality of the next trend.”
Silver price today in these cities
- In many cities like Chennai, Madurai, Vijayawada, Bhubaneswar, Visakhapatnam, Salem, today the price of 10 grams of silver is Rs 2,800, the price of 100 grams is Rs 28,000 and the price of 1 kg is Rs 2,80,000.
- Today in many different cities like Mumbai, Delhi, Kolkata, Bengaluru, Nagpur, Patna, Ayodhya, the price of 10 and 100 grams of silver is Rs 2,750 and Rs 27,500. At the same time, the price of 1 kg silver is Rs 2,75,000.
President Trump has signed a spending deal that restores funding for key federal agencies, effectively ending the partial shutdown of the US government. China’s gold ETFs saw record outflows in a single day, causing investor confidence to waver after a sharp fall in prices. Iran-US talks are scheduled to take place today, while after Chinese President Xi Jinping’s recent virtual meeting with Russia’s Vladimir Putin, President Trump held extensive discussions with China’s Xi Jinping ahead of his proposed April visit.
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