Silver prices in Ahmedabad continued to trade near record levels on January 28, in line with the broader strength seen across domestic bullion markets amid firm global cues.
As per the latest available rates, silver in Ahmedabad is priced at Rs 3,80,000 per kilogram. On a smaller denomination basis, 10 grams of silver costs Rs 3,800, while 100 grams is priced at Rs 38,000. Prices have remained elevated after a sharp rally in recent sessions, with silver significantly outperforming gold so far this year.
The sustained strength in silver prices is being driven by firm international markets, where the metal has been trading close to all-time highs. Safe-haven demand amid geopolitical uncertainty, expectations around global monetary policy, and spillover strength from gold have continued to support prices. Domestically, strong participation in futures markets has also kept silver rates elevated.
While silver prices vary slightly across cities due to local taxes, logistics costs, and demand conditions, Ahmedabad’s rates remain closely aligned with the nationwide trend.
With volatility remaining high, buyers and traders in Ahmedabad are closely tracking global developments and daily price movements as silver continues to stay in focus.