Silver prices in Hyderabad traded at higher levels on January 21, compared with several other major Indian cities, reflecting regional pricing differences and local demand trends.
According to the latest data, silver in Hyderabad is priced at Rs 3,400 per 10 grams today. The rate for 100 grams of silver stands at Rs 34,000, while 1 kilogram of silver is currently priced at Rs 3,40,000.
Silver prices across major cities
Hyderabad is among the cities quoting higher silver prices, along with Chennai and Kerala, where silver is trading at Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg.
In comparison, cities such as Delhi, Mumbai, Kolkata, Bangalore, Pune, Vadodara, and Ahmedabad are seeing slightly lower rates, with silver priced at Rs 3,300 per 10 grams, Rs 33,000 per 100 grams, and Rs 3,30,000 per kg.
What influences silver prices
Silver prices in India are influenced by global bullion trends, movements in the US dollar, and industrial demand. The metal remains an important input for sectors such as electronics, renewable energy, and automobiles, which continues to support prices.
Market outlook
Silver prices are expected to remain sensitive to global economic cues, interest rate expectations, and currency fluctuations. Local prices may vary marginally depending on taxes, transportation costs, and dealer margins.