Silver Rate on June 25: Price declines by ₹30,000/kg in 10 days; check price across cities

After remaining steady on the previous day, silver price mirroring losses in the precious yellow-metal has declined by ₹10,000 per kg to ₹2,35,000 per kg.

In the last ten days, silver price has come down from ₹2,65,000 on June 16 to ₹2,35,000 on June 25.

Factors influencing silver rate today

Silver prices, similar to gold, are being weighed down amid strength in the dollar. The dollar index has inched higher to above 101 levels.

The gains in the dollar impact the dollar-priced silver as it becomes expensive for holders of other currencies.

The market participants now anticipate a rate hike by the US Federal Reserve in September, with additional increases potentially following before the year-end.

Also, selling in the metal was led amid sharp drag in tech stocks, leading investors to pull out money from bullion.

Investors are now focusing on the upcoming US PCE due to be released later today.