Silver Price Today on 5th December 2024 : There was a big rise in silver prices on Thursday. This is the third consecutive day when silver prices have seen a rise. On Thursday, the spot price of silver in the national capital Delhi increased by Rs 1,300 to Rs 93,800 per kg. On Wednesday it closed at Rs 92,500 per kg. According to traders, the rise in silver was due to fresh demand from jewelers and retailers in the local markets.
silver futures price
Apart from the spot price of silver, there has been a decline in the future price of silver on Thursday. In the domestic market, silver futures prices were seen trading in the red today. On MCX exchange today, Thursday evening, silver for delivery on March 5, 2025 was seen trading at Rs 93,084 per kg, down by 0.22 per cent or Rs 209.
global silver prices
Global silver prices were seen trading flat on Thursday. In the Comex i.e. commodity market, the global price of silver was seen trading at $ 31.78 an ounce, down by 0.42 percent or $ 0.13. At the same time, silver spot was seen trading at $ 31.31 an ounce.
What are the experts saying?
Commodity market experts say, “On Wednesday, Federal Reserve Chairman Jerome Powell said that the US economy is in good condition and the cut in policy rates in September was a message of support to the labor market. Due to this, there was a slight softening in the bullion market. Powell said that despite all this, it would be too early to declare that inflation is under control and the US central bank may be cautious in setting monetary policy.
Image Credit: India-Tv.