Silver Prices on April 15: Prices Remain Largely Unchanged in Key Indian Markets 

Mumbai, April 15: Silver prices in India held steady on April 15, reflecting a broader pause in bullion markets even as global cues remained fluid. However, at the national level in India silver was trading flat at ₹270 per gram or ₹2,700 for 10 grams, gaining ₹150 for 10 grams over its previous close.

Here are today’s (Wednesday) local market prices of 10 gram silver in select cities across India: 10 gram silver rates in Chennai, Hyderabad, Kerala is ₹2750 which is ₹50 above the national rate. For all other cities including Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad, the price of 10 gram silver is ₹2700 as on today.

The Indian bullion markets are trading flat on Wednesday. Prices of silver however have moved up ₹150 per 10 grams from previous levels where it was trading around ₹2550.

Market will watch for any fresh movement with both geopolitical and currency developments keeping investors on their toes.

Recent signals that the United States and Iran may resume diplomatic talks have already eased crude oil prices, which in turn has tempered inflationary fears. This has created a stabilising effect on precious metals, including silver and gold.

As far as silver prices are concerned they will depend on how the Iran crisis unfolds. We see some ease in crude oil prices after both US and Iran indicated possibility of restarting negotiations to resolve issues. Lower crude oil prices have eased concerns over higher inflation allowing gold and silver prices to trade on a flat note.

However if Iran crisis escalates further it will lead investors to safe heaven stocks such as gold and silver. In such a situation gold and silver prices are expected to rise.

Silver Prices in India (10 gm): April 15

Source: goodreturns.in