Silver price in Hyderabad today:
- 10 grams: ₹4,150
- 100 grams: ₹41,500
- 1 kilogram: ₹4,15,000
Silver prices in Hyderabad eased significantly on Friday, January 30, in line with losses seen in global markets after a sharp rally earlier this week. The decline reflects broader profit booking and technical corrections across precious metals.
Why silver prices are down today
Global silver cools after record run-up
International silver prices retreated about 4% toward the $110 per ounce level on Friday after briefly trading near all-time highs earlier in the week. The pullback came as investors locked in profits following a near-parabolic rally. Despite the correction, silver remains up over 50% in January, marking its strongest monthly performance on record.
Profit booking after extreme rally
Silver had surged strongly in both global and Indian markets, driven by safe-haven demand, tight supplies, and strong momentum buying. After such steep gains, traders quickly moved to lock in profits, triggering selling pressure across futures and spot markets — pulling domestic prices lower, including in Hyderabad.
Dollar rebound adds pressure
A modest rebound in the US dollar also weighed on precious metals. A firmer dollar typically pressures commodities priced in dollars, making them more expensive for non-dollar buyers and encouraging short-term selling.
India premium unwinds
In recent sessions, MCX silver traded at a steep premium to global prices. As international prices cooled, this elevated domestic premium began to compress, resulting in a sharper correction in Indian markets such as Hyderabad compared with overseas benchmarks.
What Hyderabad buyers are seeing
Silver prices in Hyderabad today are slightly higher than in other Indian metros due to regional premiums, logistics costs, and local dealer margins. However, today’s downward move reflects broad market corrections following an overheated rally in global silver.
Disclaimer: Silver rates may vary slightly across local jewellers in Hyderabad. The information is for price awareness and market context; not financial or investment advice.
