Silver prices in Delhi remained steady on January 21, in line with trends seen across major Indian cities. The precious metal continues to attract interest amid firm global cues and sustained demand from both investment and industrial segments.
As per the latest market rates, silver in Delhi is priced at Rs 3,300 per 10 grams today. The rate for 100 grams of silver stands at Rs 33,000, while 1 kilogram of silver is available at Rs 3,30,000.
Silver prices across major cities
Silver prices across most metropolitan regions are largely in sync with Delhi. Cities such as Mumbai, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad are also quoting silver at Rs 3,300 per 10 grams, Rs 33,000 per 100 grams, and Rs 3,30,000 per kg.
In contrast, cities including Chennai, Hyderabad, and Kerala are trading at slightly higher levels, where silver is priced at Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg.
Factors influencing silver prices
Silver prices in India are driven by global bullion movements, fluctuations in the US dollar, and industrial demand trends. International silver prices have remained firm, providing support to domestic rates.
Demand from manufacturing sectors such as electronics, solar energy, and automobiles continues to play a crucial role in silver price dynamics.
Market outlook
With gold prices trading near record highs, silver has also found strong support. Market participants will keep a close watch on global macroeconomic developments, interest rate expectations, and currency movements for further cues.
Local silver prices may vary slightly based on dealer margins and regional taxes.