XAGI
XAG/INR
Market Open
15 Jun, 12:41
₹
6,739. 50
+64.51
+0.9664%
₹
762 Volume
₹ 6,674.99
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XAGINR Overview
XAGINR denotes the exchange rate of Silver (XAG) expressed in Indian Rupees (INR), indicating the price in INR per troy ounce of silver. It is used to track the relative value of physical silver against India’s unit of account.
Silver (XAG) is represented by the ISO 4217 commodity code for one troy ounce of the metal. Unlike national currencies, XAG is a commodity unit rather than legal tender and has no issuing country or central bank; its price is set by global bullion markets and trading venues.
The Indian Rupee (INR) is the official fiat currency of the Republic of India, issued and regulated by the Reserve Bank of India. INR serves as India’s domestic medium of exchange and is subject to monetary policy, foreign exchange reserves management, and domestic financial regulation.
The XAGINR rate is driven by interplay between global silver supply and demand and local INR liquidity conditions. Factors that influence the quote include interest rate differentials, inflation expectations, central bank actions, currency movements (notably USD dynamics), geopolitical developments and physical industrial or investment demand for silver.
Market participants monitor XAGINR for pricing imports and exports of bullion, hedging inflation or currency risk, and speculative trading. It is relevant to traders, refiners, jewelers and investors with exposure to precious metals or Indian currency.
Silver (XAG) is represented by the ISO 4217 commodity code for one troy ounce of the metal. Unlike national currencies, XAG is a commodity unit rather than legal tender and has no issuing country or central bank; its price is set by global bullion markets and trading venues.
The Indian Rupee (INR) is the official fiat currency of the Republic of India, issued and regulated by the Reserve Bank of India. INR serves as India’s domestic medium of exchange and is subject to monetary policy, foreign exchange reserves management, and domestic financial regulation.
The XAGINR rate is driven by interplay between global silver supply and demand and local INR liquidity conditions. Factors that influence the quote include interest rate differentials, inflation expectations, central bank actions, currency movements (notably USD dynamics), geopolitical developments and physical industrial or investment demand for silver.
Market participants monitor XAGINR for pricing imports and exports of bullion, hedging inflation or currency risk, and speculative trading. It is relevant to traders, refiners, jewelers and investors with exposure to precious metals or Indian currency.
XAGINR Chart
XAGINR FAQ
What is the current XAG/INR price?
The current rate is ₹6,739.500000, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the XAG/INR rate changed today?
The rate has changed by +64.51 (+0.9664%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was ₹6,674.990000, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is XAG/INR moving up or down?
Movements in XAG/INR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.9664%) is based on the difference between the current rate and the previous closing rate.
Is XAG/INR trending up or down right now?
If the current rate (₹6,739.500000) is above the previous close (₹6,674.990000), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for XAG/INR directly on this page.
