Silver prices in Chennai remained elevated on Wednesday, January 29, tracking strength in domestic bullion markets amid a sharp rally in MCX silver futures. Local prices continue to hover near record levels as strong investment demand and tight supply conditions support the metal.
As per the latest available rates, silver in Chennai is priced at Rs 4,250 per 10 grams, Rs 42,500 per 100 grams, and Rs 4,25,000 per kg. These levels place Chennai among the higher-priced silver markets in the country.
The firm domestic pricing comes after MCX silver futures surged sharply in the previous session, hitting fresh all-time highs. The rally in Indian silver has also been supported by elevated global prices, strong spillover from gold, and sustained buying interest in physical markets.
Silver price in Chennai today (Jan 29)
| Quantity | Price |
|---|---|
| 10 grams | Rs 4,250 |
| 100 grams | Rs 42,500 |
| 1 kg | Rs 4,25,000 |
Market participants continue to closely track global cues, currency movements, and geopolitical developments, as these factors remain key drivers for silver prices in the near term.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Prices may vary across jewellers and markets. Always verify rates before making any purchase or investment decision.
