The Silver price on Multi commodity exchange (MCX), marginally decreased on Thursday, October 14, 2021. Silver futures were trading at Rs 62,561 down 326 points or -0.52% per Kg in the Indian market. In global markets, silver was priced at 22.96 USD per Troy Ounce. Platinum declined 0.44% to $1,019 while Palladium dropped 0.26% to $2,109. The Gold futures were trading at Rs 47,799 down 117 points or -0.24% per 10 gms.

Also Read| Gold price on Thursday, October 14, 2021

Silver price in Delhi today is Rs 62,500 per Kg. The spot silver rate in India today is Rs 62,500 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 62,500 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. 

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Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation. Brent crude, the international oil standard, climbed 0.61 percent to USD 83.69 per barrel. Rupee gains 12 paise to 75.25 against US dollar in early trade.

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Wall Street rose on Wednesday in choppy trade as investors saw an imminent end to ultra-loose U.S. monetary policy as a vote of confidence in the economy, while two-year Treasury yields hit 18-month highs on bets that policy tightening is in the offing, Reuters reported.