Silver price in Pune today:
- 10 grams: ₹3,950
- 100 grams: ₹39,500
- 1 kilogram: ₹3,95,000
Silver prices in Pune softened sharply on Friday, January 30, as domestic rates followed a broader correction in global silver markets after an exceptional rally earlier this week. Today’s decline reflects profit booking, a firmer dollar and compression of the domestic premium, consistent with trends seen across major Indian cities.
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 hovering near all-time highs earlier in the week. The pullback came as investors locked in profits after a near-parabolic rally. Despite the fall, silver remains up over 50% in January, marking its strongest monthly performance on record and extending gains for a ninth straight month.
Profit booking after extreme rally
Silver had surged aggressively in both global and Indian markets, supported by safe-haven demand, supply tightness and strong momentum buying. After such a steep rise, traders moved quickly to book gains, triggering selling pressure across futures and spot markets — pushing Pune silver prices lower.
Dollar rebound adds pressure
A modest rebound in the US dollar also weighed on precious metals. A firmer dollar typically pressures dollar-priced commodities like silver by making them more expensive for non-dollar buyers, encouraging short-term selling.
India premium unwinds
MCX silver had been trading at a steep premium to global benchmarks in recent sessions. As international prices cooled, this elevated domestic premium began to compress, resulting in a sharper correction in India’s silver markets, including Pune.
What Pune buyers are seeing
Silver prices in Pune today are lower compared with earlier in the week, mainly due to profit booking and global price weakness rather than changes in local demand. While actual quotes may vary slightly among jewellers due to taxes and dealer margins, the trend reflects broad market movements.
Disclaimer: Silver rates may vary slightly across local jewellers in Pune. The information provided is for price awareness and market context; not financial or investment advice.
