Silver prices in Ahmedabad remained steady on January 21, tracking broader trends seen across major bullion markets in India amid firm global cues.
As per the latest available data, silver in Ahmedabad is priced at Rs 3,300 per 10 grams today. The price of 100 grams of silver stands at Rs 33,000, while 1 kilogram of silver is available at Rs 3,30,000.
Silver prices across key cities
Silver rates in Ahmedabad are broadly aligned with prices in Mumbai, Delhi, Kolkata, Vadodara, Pune, and Bangalore, where the metal is trading around Rs 3,300 per 10 grams, Rs 33,000 per 100 grams, and Rs 3,30,000 per kg.
In comparison, silver prices are slightly higher in southern markets such as Hyderabad, Chennai, and Kerala, where rates are hovering near Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg.
What is driving silver prices?
Silver prices continue to mirror international trends, supported by safe-haven demand, industrial consumption from sectors such as electronics and solar energy, and fluctuations in the US dollar. Global bond yield movements and geopolitical developments are also influencing price action.
Near-term outlook
Silver prices may remain volatile in the near term, with investors closely tracking global macroeconomic data, central bank signals, and currency movements. Local rates could vary slightly depending on taxes, transportation costs, and jeweller margins.
