Silver prices in India witnessed a firm uptick on January 21, tracking strength in global precious metal markets and rising safe-haven demand. The price of silver climbed across denominations, reflecting renewed investor interest amid volatility in equities and currency markets.
As per the latest data, silver is priced at Rs 330 per gram, marking an increase of Rs 10 compared with the previous session. On a larger scale, silver rates surged to Rs 3,30,000 per kilogram, up by Rs 10,000 from yesterday’s levels.
Silver price in India today – key rates
The rise in silver prices was visible across all standard units. One gram of silver is trading at Rs 330, while 8 grams costs Rs 2,640. The price of 10 grams stands at Rs 3,300, and 100 grams is available at Rs 33,000. For bulk buyers, silver per kilogram is now priced at Rs 3.30 lakh.
What is driving silver prices higher?
Silver prices in India are largely influenced by movements in international markets, currency fluctuations, and industrial demand trends. A weaker US dollar, rising geopolitical uncertainty, and stronger precious metal prices globally have supported silver’s upward momentum. Additionally, silver’s dual role as both a precious and industrial metal often leads to sharp moves during periods of economic uncertainty.
Outlook
With gold also trading near record highs, silver is benefiting from spillover demand. Market participants continue to track global macroeconomic cues, central bank commentary, and dollar movement for further direction in silver prices.
Prices may vary slightly across cities due to local taxes and dealer premiums, but the overall trend remains positive for the day.