The Silver price on Multi commodity exchange (MCX), marginally increased on Wednesday, October 20, 2021. Silver futures were trading at Rs 64490.00 up 40 points or 0.06% per Kg in the Indian market. In global markets, silver was priced at 23.78 USD per Troy Ounce. Platinum fell -0.19% to $1,041.00 while Palladium rose -0.50% to $2,092.00. The Gold futures were trading at Rs 47417.00 up 137 points or 0.29% per 10 gms.

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Silver price in Delhi today is Rs 64,400.00 per Kg. The spot silver rate in India today is Rs 64,400 per Kg. In the previous trade, the precious metal had settled at Rs 64,200 per Kg while the Silver rate in Mumbai is Rs 64,400.00 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. Global equity markets also retreated today as investors grew increasingly concerned about a growing energy crisis and spiking inflation.

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Meanwhile, the international oil benchmark Brent crude dropped 0.5% to USD 84.64 a barrel. Rupee surges 26 paise to 75.09 against US dollar in early trade.

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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.