Silver price in Kolkata today:
- 10 grams: ₹3,950
- 100 grams: ₹39,500
- 1 kilogram: ₹3,95,000
Silver prices in Kolkata eased sharply on Friday, January 30, as domestic rates declined in line with global silver weakness after recent record highs. Kolkata’s silver rates are aligned with broader Indian and international market trends, with today’s correction driven by profit booking and external macro factors.
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 touching all-time highs earlier in the week. This pullback came as investors locked in profits following a near-parabolic rally. Despite the drop, silver remains up over 50% in January, marking its strongest monthly performance on record and its ninth straight month of gains.
Profit booking after extreme rally
Silver had surged aggressively in both global and Indian markets, supported by safe-haven demand, tight physical supply, and strong momentum buying. After the steep rise, traders moved quickly to book profits, triggering selling pressure across futures and spot segments — leading to lower domestic prices including Kolkata.
Dollar rebound adds pressure
A modest rebound in the US dollar also pressured precious metals. A firmer dollar typically weakens demand for dollar-priced commodities like silver by making them more expensive for non-dollar buyers, prompting short-term selling.
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, resulting in a sharper correction in Indian markets such as Kolkata compared with overseas benchmarks.
What Kolkata buyers are seeing
Kolkata’s silver prices are trading lower today as a direct consequence of global and domestic profit taking after a historic rally. While local jewellers may quote minor variations due to taxes and margin differences, the overall trend reflects broad market weakness.
Disclaimer: Silver rates may vary slightly across local dealers in Kolkata. The information is provided for price awareness and context; not financial or investment advice.
