Volatile silver price hits anklet manufacturers and workers in Salem
It dropped to ₹2.30 lakh per kg in June and in the first week of July it increased to ₹2.60 lakh per kg. Currently, one kg of silver bullion stands at ₹2.38 lakh. Related StoriesSalem: The silver anklet hubSilver anklets: Tinkling jewels that make Salem shineThe president of Salem Silver Anklet Manufacturers’ Handicraft Welfare Association, C.
- ▪It dropped to ₹2.30 lakh per kg in June and in the first week of July it increased to ₹2.60 lakh per kg.
- ▪Currently, one kg of silver bullion stands at ₹2.38 lakh.
- ▪Related StoriesSalem: The silver anklet hubSilver anklets: Tinkling jewels that make Salem shineThe president of Salem Silver Anklet Manufacturers’ Handicraft Welfare Association, C.
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| Publication time | Mon, 27 Jul 2026 16:57:23 +0530 |
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Opening excerpt (first ~120 words) tap to expand
The volatility in silver bullion price has significantly impacted silver anklet manufacturers and workers in Salem district, to the extent that many workers have moved to other jobs in the last six months.Over 1,000 silver anklet manufacturing units functioning in Shevapet, Ponnammapet, Kondalampatti, Maniyanoor, Nethimedu, Fort, Nangavalli, Sivathapuram, Vedukathampatti, Panankadu, Solampallam, Jahir Ammapalayam, and Sooramangalam provide direct and indirect employment to more than 50,000 workers.The price of silver bullion on January 1 this year stood at ₹3.18 lakh a kg and rose to ₹4.05 lakh by the last week of the same month. It dropped to ₹2.30 lakh per kg in June and in the first week of July it increased to ₹2.60 lakh per kg.
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