Kolkata Silver Prices Hold Firm Amid Stable Global Trends

Silver prices in Kolkata remained steady on August 4, trading at ₹235 per gram and ₹2,35,000 per kilogram. This stability is a result of balanced global prices and domestic demand.

The market has been waiting for stronger cues from international bullion markets or the rupee to make its next move. Despite the absence of major triggers, investors continue to monitor global trends, industrial demand, and currency movements.

Silver is influenced by both investment demand and industrial consumption, with its widespread use in solar panels, electric vehicles, electronics, and manufacturing affecting prices. Its price movements can be more volatile than gold over the long term due to this dual purpose.