Silver prices in Mumbai stayed firm on Wednesday, January 29, mirroring the strong momentum seen in domestic bullion markets as MCX silver futures continue to trade near record highs. Elevated global prices and sustained investment demand have kept local rates supported.
According to the latest market data, silver in Mumbai is priced at Rs 4,100 per 10 grams, Rs 41,000 per 100 grams, and Rs 4,10,000 per kg. Prices in the financial capital remain slightly lower than southern markets such as Chennai, but are still near historic highs.
The sharp rise in domestic silver prices follows a strong rally on the MCX, where futures jumped sharply in recent sessions. Internationally, silver prices have surged this year amid supply constraints, safe-haven demand, and spillover strength from gold, which is also trading close to record levels.
In India, tight availability of physical silver, currency volatility, and rising interest from investors looking for alternatives to gold have further boosted prices, keeping premiums over global markets elevated.
Silver price in Mumbai today (Jan 29)
| Quantity | Price |
|---|---|
| 10 grams | Rs 4,100 |
| 100 grams | Rs 41,000 |
| 1 kg | Rs 4,10,000 |
Market participants are closely watching global cues, MCX price action, and demand trends, as these factors are expected to influence silver prices in the coming sessions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Prices may vary across jewellers and local markets. Always verify rates before making any purchase or investment decision.
