Friday, Jan 23, 2026: Silver prices in Hyderabad were quoted at the higher end of the range today, with the metal priced at Rs 3,600 for 10 grams, Rs 36,000 for 100 grams, and Rs 3,60,000 for 1 kg, based on the latest city-wise data shared. The elevated city rate comes as silver remains firmly in focus globally after a sharp jump in international prices.
Hyderabad silver rates today (Jan 23)
| Quantity | Rate |
|---|---|
| 10 gram | Rs 3,600 |
| 100 gram | Rs 36,000 |
| 1 kg | Rs 3,60,000 |
Where Hyderabad stands versus other cities
Hyderabad is quoted alongside Chennai and Kerala at Rs 3,60,000 per kg, which is higher than the Rs 3,40,000 per kg levels seen in Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad in today’s list. This reflects a city-wise premium in Hyderabad for the same unit weight.
Global cues keeping silver in focus
Silver prices surged sharply on Friday, rising nearly 3% to trade close to $99 per ounce, as a combination of global macro factors and market positioning pushed the precious metal to new record highs. On the domestic derivatives market, silver futures on the Multi Commodity Exchange (MCX) were trading around Rs 3,35,943 per kg, up 2.6%, tracking strength in international prices.
The rally was supported by a weaker US dollar, a shift toward real assets amid changing US–Europe geopolitical dynamics, and expectations that markets continue to price in two potential rate cuts by the US Federal Reserve later this year. Supply-side constraints, stronger retail participation, and market positioning were also cited as factors amplifying price momentum.
Note: The above silver rates are indicative and may not include GST, TCS and other levies. Actual rates can vary by location and seller.
