Silver prices in Chennai edged lower on Friday, January 16, in line with the broader correction seen across domestic bullion markets after the recent sharp rally to record highs. Profit booking and weaker global cues weighed on prices, even as silver continues to trade near historically elevated levels.
As per the latest market data, silver in Chennai is priced at Rs 306 per gram and Rs 3,06,000 per kilogram, marking a decline from the previous session.
Silver price in Chennai today (January 16, 2026)
| Quantity | Price |
|---|---|
| 1 gram | Rs 306 |
| 10 grams | Rs 3,060 |
| 100 grams | Rs 30,600 |
| 1 kg | Rs 3,06,000 |
What is driving silver prices in Chennai today
The decline in Chennai silver prices reflects weakness in international markets after silver witnessed a sharp surge and touched fresh all-time highs earlier this week. Globally, silver prices eased after the US refrained from imposing immediate import tariffs on critical minerals, including silver, which reduced near-term supply concerns.
In addition, a stronger US dollar following upbeat US economic data has pressured precious metals. Easing geopolitical tensions have also led to some moderation in safe-haven demand, resulting in a mild pullback in silver prices.
Outlook
Despite today’s decline, silver prices remain significantly higher on a weekly and monthly basis, supported by tight supply conditions, strong institutional demand, and ongoing macroeconomic uncertainty. Market participants in Chennai continue to track global cues, currency movements, and developments in the commodities market for further direction.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Precious metal prices are subject to market risks and fluctuations. Always conduct your own research or consult a financial advisor before making investment decisions.
