Today’s (February 19) Silver price in India
Silver becomes cheaper today: Know the price of one kilogram of silver on February 19: Silver prices have fallen today. Looking at the Delhi-Mumbai bullion market, the price of silver has fallen marginally by Rs 100. Silver is trading at Rs 2,54,000 per kilogram. On February 19, MCX silver futures opened with a slight increase, at Rs 2,47,840 per kilogram. This is approximately 0.12% higher than the previous closing price. Prices had fallen in the past few days due to global cues and selling pressure. Volatility has also increased in the market.
The spot price of silver in the international market is trading around $77 per ounce. It is down approximately 0.76% in the last 24 hours. This clearly indicates that pressure remains in the global market.
Investors are now focusing on the minutes of the US Federal Reserve’s January meeting. This may provide indications of the future interest rate trend. Interest rate decisions directly impact gold and silver prices.
According to Augmont’s report, geopolitical tensions have recently eased slightly. This has reduced safe-haven demand, and some investors have booked profits. The report states that silver may currently remain in the range of $70 to $90, approximately Rs 2.25 lakh to Rs 2.85 lakh. If it falls below $70, the decline could accelerate further. Experts advise investors to adopt a strategy of buying on dips and booking profits on rises.
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