Silver prices in India slipped on Thursday, January 22, tracking a sharp correction in domestic futures and global prices after the metal cooled off from recent record highs.
As per latest data, silver is priced at Rs 325 per gram and Rs 3,25,000 per kilogram, down Rs 5 per gram and Rs 5,000 per kg from the previous session.
Silver price today in India (January 22)
- 1 gram: Rs 325 (down Rs 5)
- 10 grams: Rs 3,250 (down Rs 50)
- 100 grams: Rs 32,500 (down Rs 500)
- 1 kg: Rs 3,25,000 (down Rs 5,000)
The decline follows a volatile session in the futures market, where silver initially saw heavy profit booking before staging a partial recovery from the day’s lows.
MCX silver futures see sharp swings
Silver futures on the Multi Commodity Exchange of India corrected sharply earlier in the day as easing geopolitical fears and a firmer US dollar reduced immediate safe-haven demand. Prices had fallen nearly 4% at the day’s low before recovering around 5% from those levels, highlighting heightened intraday volatility.
Market participants said the recent rally had left silver vulnerable to consolidation, especially after speculative positions built up rapidly over the past few sessions.
Why silver prices fell today
The correction in silver prices was driven by a mix of global and domestic factors. Profit booking emerged after the metal surged to multi-year highs earlier this week, while a temporary easing of geopolitical risk reduced aggressive defensive positioning.
Additionally, uncertainty around global trade policy played a role. US President Donald Trump has recently signalled a softer tone on immediate tariff actions, including stepping back from earlier rhetoric around tariffs and geopolitical escalation. This reduced near-term safe-haven flows into precious metals, including silver.
Structural support still intact
Despite the short-term correction, analysts say the broader outlook for silver remains constructive. The global silver market continues to face structural supply deficits, with demand consistently exceeding mine and scrap supply for several years. Tight physical availability, declining inventories in parts of Asia, and long-term investment demand continue to provide underlying support.
Experts note that while silver prices may remain volatile in the near term, ongoing geopolitical uncertainty, trade tensions, and supply constraints could keep the metal well-supported over the medium to long term.
Silver prices in India are expected to continue tracking global cues, currency movements, and developments around trade policy and geopolitics in the coming sessions.
