By ETF Desk
Udupi traders reported a notable increase in silver prices on 15 July 2026, with the rate for one kilogram hitting ₹30,500. The rise marked a continuation of a steady upward trend seen in the last week of the month.
Market analysts attribute the climb to increased global silver demand, particularly from the mining and jewelry sectors. Local factors, such as a reduction in domestic supply and a recent influx of premium galena shipments from neighboring states, also played a role.
The higher rates are expected to boost revenues for local jewelers and bullion dealers, while also giving investors a timely opportunity to purchase silver at comparatively lower levels. Catered for both the retail and wholesale segments, this day’s price movement indicates a strengthening market position for Udupi’s trade in precious metals. Source: Google News – Udupi.