Silver prices in India declined on Thursday, January 8, tracking weakness in the international market and profit-booking after recent gains. As per the latest data, silver is priced at Rs 252 per gram, down Rs 5, while one kilogram of silver is trading at Rs 2,52,000, a decline of Rs 5,000 from the previous session.
On a day-on-day basis, silver prices have eased across all weight categories. The price of 10 grams of silver slipped by Rs 50 to Rs 2,520, while 100 grams fell by Rs 500 to Rs 25,200. The decline mirrors softer global cues, where silver witnessed volatility despite early value buying in overseas markets.
In major Indian cities, silver prices remained largely uniform. Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara and Ahmedabad reported silver prices at Rs 2,520 per 10 grams and Rs 2,52,000 per kg. Meanwhile, prices were slightly higher in Chennai, Hyderabad and Kerala, where silver was quoted at Rs 2,720 per 10 grams and Rs 2,72,000 per kg, reflecting local taxes and logistical costs.
Market participants attributed the fall to profit-booking pressure and cautious sentiment ahead of key global macroeconomic cues. Movements in international precious metal prices, currency fluctuations and global interest rate expectations continue to remain the key drivers for domestic silver rates.
Silver prices in India typically track global trends closely, along with import duties and rupee-dollar movement, leading to daily fluctuations across physical markets.