The Silver price on Multi commodity exchange (MCX), marginally increased on Friday, October 15, 2021. Silver futures were trading at Rs 63,570.00 up 683 points or 1.09% per Kg in the Indian market. In global markets, silver was priced at 23.51 USD per Troy Ounce. Platinum gained 0.19% to $1,062.00 while Palladium rose 0.16% to $2,137.00. The Gold futures were trading at Rs 47,895.00 down 21 points or -0.04% per 10 gms.

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Silver price in Delhi today is Rs 63,200 per Kg. The spot silver rate in India today is Rs 63,200 per Kg. In the previous trade, the precious metal had settled at Rs 62,100 per Kg while the Silver rate in Mumbai is Rs 63,200 per kg, according to details provided by the good returns website.

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Gold has struggled this year after hitting a record high of ₹56,200 last year amid a stronger US dollar and hopes of faster economic recovery amid vaccination drive.  Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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Gold faces resistance at Rs 48,500 and if fails to break that level, prices may test support at Rs 47,150, said Abhishek Chauhan, head of commodity & currency at Swastika Investment. The US Fed will not increase interest rates until 2022 and inflation is rising higher than previously expected, which supports the demand for a safe haven, Chauhan said.