Silver prices in Coimbatore remained firm on January 21, tracking the broader trend seen across major Indian bullion markets amid steady global cues.
As per the latest available data, silver in Coimbatore is priced at Rs 3,400 per 10 grams. Meanwhile, 100 grams of silver costs Rs 34,000, while 1 kilogram of silver is priced at Rs 3,40,000.
How Coimbatore compares with other cities
Silver rates in Coimbatore are aligned with prices seen in cities such as Chennai, Madurai, Vijayawada and Bhubaneswar, where silver is trading at around Rs 3,400 per 10 grams. In comparison, cities like Mumbai, Delhi, Kolkata, Ahmedabad and Pune are seeing slightly lower rates at around Rs 3,300 per 10 grams.
What is driving silver prices?
Silver prices continue to be influenced by global market movements, including international spot prices, fluctuations in the US dollar, and demand from industrial sectors such as electronics and renewable energy. Geopolitical developments and investor interest in precious metals as a hedge against uncertainty are also supporting prices.
Market outlook
In the near term, silver prices are expected to remain volatile, with traders closely monitoring global economic data, central bank signals and currency movements. Local prices may vary marginally depending on taxes, transportation costs and jeweller margins.