The Silver price on Multi commodity exchange (MCX), marginally increased on Tuesday, October 19, 2021. Silver futures were trading at Rs 63586.00 up 320 points or 0.51% per Kg in the Indian market. In global markets, silver was priced at 23.47 USD per Troy Ounce. Platinum gained 1.01% to $1,049.50 while Palladium rose 0.62% to $2,034.00. The Gold futures were trading at Rs 47324.00 up 33 points or 0.07% per 10 gms.

Also Read| Gold price on Tuesday, October 19, 2021

Silver price in Delhi today is Rs 63,600 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 while the Silver rate in Mumbai is Rs 63,600 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 Rs 56,200 last year amid a stronger US dollar and hopes of faster economic recovery amid vaccination drive. 

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Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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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.