Silver Prices Plummet in Rourkela as July Rate Hits ₹2,40,000

The silver price in Rourkela has seen significant fluctuations over the past few months. In July, the rate dropped to ₹2,40,000 per kilogram by the 25th, down from ₹2,63,100 on July 3rd. This marks a decrease of ₹23,100 compared to the opening price for the month.

Looking at the broader trend, silver prices have been falling in Rourkela since June, when they peaked at ₹3,02,900 per kilogram. The rate has continued to decline through May and April, reaching a low of ₹2,63,000 by March 31st.

In contrast, January saw a significant increase in silver prices, rising to ₹4,17,900 per kilogram by the end of the month. This rise was driven by market volatility, with prices reaching as high as ₹4,38,100 on January 30th.