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In Chennai (like other cosmopolitan cities like Mumbai or Delhi), the rate of silver is a reflection of the international silver rate.

ai powered multi cloud solutions ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!The rate itself is decided by various market dynamics.

In India, this "not so precious metal" is traded mainly on the MCX or Multi-Commodity Exchange.

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However, its production in the country is minimal.

Hence, most of the internal demand has to be met through imports.

In Chennai, for buyers, silver has emerged not only as a metal for jewellery but also as a safe bet for savings in the short and long run.

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