Silver prices in Chennai surged to a fresh record on January 28, with rates touching Rs 4,00,000 per kilogram, reflecting continued strength in global bullion markets and strong domestic demand.
As per the latest data, silver in Chennai is priced at Rs 4,000 per 10 grams and Rs 40,000 per 100 grams, making it one of the highest-priced markets for the precious metal in India today. The jump comes amid a sharp rally in international silver prices, which have been trading near record highs, driven by safe-haven demand, geopolitical uncertainty, and spillover strength from gold.
The rapid rise in silver prices has been a key theme in recent sessions, with the metal significantly outperforming gold so far this year. Tight global supply conditions, speculative interest, and strong futures market momentum have also contributed to the surge.
Local factors such as regional demand, logistics costs, and taxes continue to influence city-wise pricing, keeping Chennai rates above most other major Indian markets. With silver holding near peak levels, market participants are closely tracking global cues and daily price movements for further direction.
