Silver prices in Chennai moved higher on January 21, in line with firm trends seen in domestic and global precious metal markets. The rise comes amid strong safe-haven demand and positive cues from international bullion prices.
As per the latest data, silver in Chennai is priced at Rs 3,400 per 10 grams, while 100 grams of silver costs Rs 34,000. On a bulk basis, silver is trading at Rs 3,40,000 per kilogram in the city today.
Silver prices in major Indian cities today
Following Chennai, silver prices remained largely steady across other key cities, with minor regional variations driven by local taxes and dealer premiums.
In Mumbai, Delhi, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad, silver is priced at Rs 3,300 per 10 grams, Rs 33,000 per 100 grams, and Rs 3,30,000 per kg.
Meanwhile, cities such as Hyderabad and Kerala are also quoting silver at Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg, similar to Chennai.
What is influencing silver prices today?
Silver prices in India are linked to global market movements, currency trends, and industrial demand. Strength in international silver prices, coupled with a softer dollar and heightened market uncertainty, has supported today’s uptick. Silver’s use in electronics and renewable energy also keeps industrial demand in focus.
Outlook
With gold continuing to trade near record highs, silver is witnessing spillover demand. Market participants are expected to closely monitor global economic cues, central bank commentary, and currency movements for further direction in silver prices.
Prices may vary slightly across cities depending on local levies and jeweller margins.