The Silver price on Multi commodity exchange (MCX), marginally increased on Monday, October 18, 2021. Silver futures were trading at Rs 63480.00 up 209 points or 0.33% per Kg in the Indian market. In global markets, silver was priced at 23.33USD per Troy Ounce. Platinum was priced at $1,060.00 while Palladium was priced at $2,076.50. The Gold futures were trading at Rs 47287.00 up 74 points or 0.16% per 10 gms.

Also Read| Gold price on Monday, October 18, 2021

Silver price in Delhi today is Rs 63600.00 per Kg. The spot silver rate in India today is Rs 63,600 per Kg. In the previous trade, the precious metal had settled at Rs 63,600 per Kg. The Silver rate in Mumbai is Rs 63,600 per kg, according to details provided by the good returns website.

Also Read| Trending Stocks: HDFC, HCL, Fortis, Just Dial and others in news today

Brent crude, the international oil benchmark, climbed 1.07 percent to USD 85.77 per barrel. Indian rupee edges lower by 2 paise at 75.28 against US dollar in opening trade.

Also Read| Sensex hit new high surges 500 points while Nifty tops 18,500 in early trade

Gold has struggled this year after hitting a record high of Rs 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.

Also Read| NSE F&O Ban: IRCTC, BHEL, BOB, Idea and others under ban today

Most equity markets in Asia today retreated along with US futures as surging energy prices cemented worries about inflation. Data released today showed China’s economy slowed in the third quarter, as headwinds from a property slump to an energy crisis and subdued consumer spending weighed on growth.