Silver price in Vadodara today:
- 10 grams: ₹3,950
- 100 grams: ₹39,500
- 1 kilogram: ₹3,95,000
Silver prices in Vadodara eased significantly on Friday, January 30, as domestic rates corrected in line with weakness in global silver markets after a strong rally earlier in the week. Today’s decline reflects broad selling pressure driven by profit booking, a firmer US dollar, and the unwinding of India’s elevated premium over global benchmarks.
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 following 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 sharply in global and Indian markets, supported by safe-haven demand, supply tightness and strong momentum buying. After such steep gains, traders quickly moved to lock in profits, triggering broad selling across futures and spot markets — pulling domestic prices lower, including in Vadodara.
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. This dynamic added further headwinds to silver prices.
India premium unwinds
In recent sessions, MCX silver had been trading at a steep premium to global prices. As international prices cooled, this elevated domestic premium began to compress, amplifying the downside move in Indian markets such as Vadodara compared with overseas benchmarks.
What Vadodara buyers are seeing
Silver prices in Vadodara today are down compared with earlier this week, primarily due to global market corrections and profit booking rather than local demand changes. While exact quotes may vary slightly between jewellers due to taxes and dealer margins, the overall trend reflects broad market weakness.
Disclaimer: Silver rates may vary slightly across jewellers in Vadodara. The information is for price awareness and market context; not financial or investment advice.
