Silver prices in Surat were steady on January 21, in line with broader trends seen across domestic bullion markets.
According to the latest data, silver in Surat is priced at Rs 3,300 per 10 grams. The precious metal is currently available at Rs 33,000 for 100 grams, while 1 kilogram of silver costs Rs 3,30,000.
Surat silver rates compared with other cities
Silver prices in Surat are on par with Mumbai, Delhi, Kolkata, Pune, Patna, Nagpur, Chandigarh and Ahmedabad, where rates are hovering around Rs 3,300 per 10 grams. In contrast, cities such as Chennai, Hyderabad, Coimbatore, Madurai and Vijayawada are seeing slightly higher prices at Rs 3,400 per 10 grams.
Factors influencing silver prices
Domestic silver prices largely track international market movements, currency fluctuations and industrial demand. Silver continues to benefit from its dual role as a precious metal and an industrial commodity, with demand coming from electronics, renewable energy and manufacturing sectors.
Market outlook
Going ahead, silver prices are expected to remain sensitive to global economic cues, movements in the US dollar and commodity market volatility. Local rates may differ marginally based on taxes, transportation costs and dealer premiums.
