Silver Prices Dip in Patna Amid Global Volatility, Economic Cues
Silver prices in Patna dipped slightly on Friday, following global market trends and economic cues. With the metal currently priced at Rs 999 per 10 grams, a decrease of Re 1, experts suggest that this dip presents a potential buying opportunity as global factors, including U.S. interest rate cuts and China’s stimulus measures, continue to shape market volatility.
Patna: Silver prices in Patna experienced a modest decline on Friday, reflecting broader global market trends. The current rate stands at Rs 999 per 10 grams and Rs 99,900 per kilogram, marking a decrease of Re 1 per 10 grams and Rs 100 per kilogram from the previous day.
Internationally, silver prices have shown volatility, with the metal trading at $32.48 per ounce on April 18. This fluctuation is attributed to factors such as China’s recent stimulus measures and the U.S. Federal Reserve’s interest rate cuts, which have influenced investor sentiment and commodity markets.
In India, silver demand remains robust, driven by both industrial applications and traditional uses in jewellery and rituals. However, the slight price dip offers a potential buying opportunity for consumers and investors in Patna. Local markets are expected to respond positively, with increased purchasing activity anticipated in the coming days.
Looking ahead, market analysts suggest that silver prices may continue to experience volatility, influenced by global economic indicators and currency fluctuations. Investors are advised to stay informed and consider market trends when making purchasing decisions.
