As of today, the silver price in Hyderabad is ₹168 per gram, which translates to ₹1,68,000 per kilogram. This marks an increase of ₹2 per gram and ₹2,000 per kilogram compared to yesterday. Many traders engage in the buying and selling of silver daily in Hyderabad. Silver serves as a strong option for both traders and long-term investors, available for purchase as jewelry, coins, or through online trading on MCX. Recently, silver prices have largely been on the rise. On November 2, the price was recorded at ₹1,66,000 per kg, while it remained steady on November 1. At the end of October, silver was priced around ₹1,65,000 per kg.
Over the past few months, there has been a noticeable upward trend in silver prices in Hyderabad, climbing from ₹1,61,000 to ₹1,65,000 per kg in October and significantly increasing from ₹1,36,000 to ₹1,61,000 per kg in September. Overall, the market outlook has been favorable for silver investors.