Silver prices in Mumbai remained firm on January 21, tracking strength in global precious metal markets and sustained safe-haven demand. The metal has seen steady interest amid ongoing volatility across equity markets and supportive international cues.
As per the latest rates, silver in Mumbai is priced at Rs 3,300 per 10 grams today. The price of 100 grams of silver stands at Rs 33,000, while 1 kilogram of silver is trading at Rs 3,30,000 in the city.
Silver prices across major cities
Silver prices across most metro cities are largely aligned with Mumbai levels. Cities including Delhi, 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.
Meanwhile, Chennai, Hyderabad, and Kerala are witnessing slightly higher rates, where silver is priced at Rs 3,400 per 10 grams, Rs 34,000 per 100 grams, and Rs 3,40,000 per kg.
What is driving silver prices?
Silver prices in India are influenced by international bullion rates, movements in the US dollar, and industrial demand trends. The metal has benefited from rising global silver prices and increased investor interest in precious metals as a hedge against uncertainty.
Industrial demand from sectors such as electronics and renewable energy continues to play a key role in supporting silver prices.
Market outlook
With gold trading near record levels, silver is also seeing renewed momentum. Market participants will continue to track global economic developments, currency movements, and geopolitical cues for further direction in silver prices.
Local prices may vary marginally depending on dealer premiums and regional taxes.
