Silver Prices in India Hold Steady After Sharp Rally

Silver prices in India remained relatively stable on Friday, August 21, after a sharp rally over the previous two sessions. The national rate for silver stood at ₹2,551 per 10 grams, ₹25,510 per 100 grams, and ₹2,55,100 per kilogram.

This marks a gain of just ₹1 per 10 grams, ₹10 per 100 grams, and ₹100 per kilogram over Thursday's national rate. The price increase translates to a per-gram rise of ₹0.10, with the market describing this as a 'sharp slowdown' from Thursday's near-4% jump.

The silver price in India is largely determined by international prices, which are influenced by global industrial demand, investment flows, and mining supply. The rupee's movement against the dollar also plays a significant role in determining silver prices in India.