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Silver Price Today on 5th December 2024: Silver prices have seen a big rise on Thursday. This is the third consecutive day when silver prices have seen a jump. On Thursday, the spot price of silver in the national capital Delhi rose by Rs 1,300 to Rs 93,800 per kg. On Wednesday it closed at Rs 92,500 per kg. According to traders, silver has risen due to fresh demand from jewelers and retailers in the local markets.
siSilverutures price
Apart from the spot price of silver, the futures price of silver has seen a decline today on Thursday. In the domestic market, the futures price of silver was seen trading in the red today. On the MCX exchange, silver for delivery on March 5, 2025, was seen trading at Rs 93,084 per kg on Thursday evening, down by 0.22 percent or Rs 209.
Global Silver Prices
The global price of silver was seen trading flat on Thursday. The global price of silver in the COMEX i.e. commodity market was seen trading at $31.78 per ounce with a fall of 0.42 percent or $0.13. At the same time, Silver Spot was seen trading at $31.31 per ounce.
What are the experts saying
Commodity market experts say, “On Wednesday, Federal Reserve Chairman Jerome Powell said that the US economy is in good shape and the reduction in policy rates in September was a message of support to the labor market. Due to this, there was some softness in the bullion market. Powell said that despite all this, it is too early to declare that inflation is under control and the US central bank may be cautious in setting monetary policy.”
