Silver Rate Today in India Crashes Over 2% in a Single Day; Check Latest White Metal Prices on October 15 Amid Durga Puja

Silver rates in India declined on Thursday, October 15, as selling pressure in the precious metals market intensified amid concerns over US inflation, interest-rate expectations and a stronger dollar. The fall came after silver futures on the Multi Commodity Exchange (MCX) faced pressure ahead of the latest US inflation data, with rising crude oil prices adding to concerns that monetary policy could remain tight for longer.

Silver Rates Fall as US Inflation Fuels Rate Concerns

The latest decline reflects a combination of global economic signals rather than a change in any single factor. Silver, which is influenced by both investment demand and industrial consumption, has been caught between inflation-related uncertainty and concerns that higher interest rates could make non-yielding assets less attractive. The direction of the US dollar and bond yields will remain important in determining whether the current weakness continues.

Silver Rate Today: Check Latest Silver Prices Per Kg and Gram on Thursday

Silver is now priced at Rs 230 per gram in India, compared with Rs 235 per gram on Wednesday. This represents a decline of Rs 5 per gram. The price of 10 grams has fallen by Rs 50 to Rs 2,300, while 100 grams now cost Rs 23,000, down Rs 500. For 1 kg, the rate has decreased by Rs 5,000 to Rs 2,30,000 from Rs 2,35,000.

The reduction is significant for buyers purchasing silver in larger quantities, although the final retail price may vary depending on the city, dealer premiums, taxes and the form of silver being purchased. Domestic retail rates should also be distinguished from MCX futures prices, which reflect trading in exchange-listed contracts.

Why Are Silver Prices Falling?

One of the main factors behind the recent weakness has been uncertainty over the US inflation outlook and its implications for Federal Reserve policy. Silver futures on MCX came under pressure on October 14 as traders positioned themselves ahead of the US Consumer Price Index (CPI) release.

December silver futures were reported 3.68% lower at Rs 2,11,143 per kg, after touching an intraday low of Rs 2,10,817 per kg, compared with the previous close of Rs 2,19,217 per kg.

The US inflation report subsequently showed consumer prices rising 3.7% year-on-year in September, while the monthly increase stood at 0.6%. The stronger-than-expected reading raised concerns that the Federal Reserve may have less room to ease monetary policy, supporting the dollar and weighing on precious metals.

The relationship between interest rates and silver is important. Unlike bonds or savings instruments, silver does not generate interest income. When markets expect rates to remain high, investors may favour interest-bearing assets, reducing the appeal of precious metals. A stronger dollar can add to the pressure by making dollar-priced commodities more expensive for buyers using other currencies.

How Crude Oil Is Adding to Silver Prices Uncertainty

Higher crude oil prices have also complicated the inflation outlook. Rising energy costs can feed into transport, manufacturing and other business expenses, potentially keeping inflation elevated. If this makes central banks more cautious about cutting rates, precious metals could face continued pressure.

Silver’s performance is also shaped by its industrial role. Demand from sectors such as electronics, solar energy and manufacturing can influence prices alongside investment flows. This dual exposure means silver can be sensitive both to shifts in financial-market sentiment and to changes in expectations for industrial activity.

Silver Price Outlook: Check Gold & Silver Rates Prediction Amid Durga Puja & Dussehra

“Gold and Silver prices stay supported as oil prices eased, but the market’s attention is fixed on upcoming US CPI data. CME’s FedWatch tool shows just a 19% chance of a Fed rate hike this month, against 85% odds for December. Middle East tensions have lifted oil and inflation worries, strengthening the case for tight policy that typically favours yield-bearing assets over gold,” said Mr. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

“A hotter-than-expected core reading could trigger another dip in gold. Technically, dips toward $4,060-4,100 (Rs 1,48,000-1,49,000) look like buying opportunities, with a close above $4,300 opening $4,400. Silver buyers can target Rs 2,29,000 from ₹2,21,000-2,22,000, with a stop below Rs 2,15,800,” he added.

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